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Edition: U.S. Article Comments (0) Technology Apple pays user compensation over iPhone tracking Amazon plans new Android tablet for this fall Netflix price hike draws user ire, investor glee Twitter gears up auto-ads for big clients: sources No link seen between cellphones, brain tumor Royalty payments dog Pandora co-founder Apple's chief patent lawyer leaving: sources Alibaba.com in deal with Western Union for AliExpress SAP attacks $1.3 billion Oracle verdict at hearing Sony: Our tablets are coming . . . eventually Follow Reuters Facebook Twitter RSS YouTube Read Black men survive longer in prison than out: study 14 Jul 2011 Do tea, coffee drinkers have lower risk of MRSA superbug? 14 Jul 2011 Pentagon to treat cyberspace as "operational domain" 14 Jul 2011 Apple pays S.Korean user compensation over iPhone tracking 14 Jul 2011 WRAPUP 2-Obama pauses U.S. debt talks, lawmakers weigh options 3:37am EDT Discussed 121 Obama, lawmakers meet for 75 minutes on debt impasse 100 Obama and lawmakers regroup to seek debt deal 98 WRAPUP 1-Taxes still a stumbling block in U.S. debt talks Watched Flying sphere goes where man fears to tread Thu, Jul 14 2011 Mexico's largest marijuana farm 9:23am EDT Hefner's revenge; Ryan Reynolds stops traffic Fri, Jun 17 2011 Groupon adds 11 underwriters, new risk warning Tweet Share this Email Print Related News UPDATE 2-Oiltanking Partners prices IPO above range Wed, Jul 13 2011 LivingSocial picks BofA, JPMorgan, Deutsche for IPO Fri, Jul 8 2011 Zynga files for IPO, surfs Facebook wave Fri, Jul 1 2011 LivingSocial moving ahead with $1 billion IPO: source Wed, Jun 29 2011 UPDATE 1-LivingSocial moving ahead with $1 bln IPO-source Wed, Jun 29 2011 Analysis & Opinion Tech wrap: Netflix jacks prices, adds DVD-only option How nations go bankrupt, one sliver at a time Related Topics Technology » Deals » 2011 Q2 » Global Deals Review - Parent folder » Inflows Outflows » Media » An online coupon sent via email from Groupon is pictured on a laptop screen November 29, 2010 in Los Angeles. Credit: Reuters/Fred Prouser By Alistair Barr SAN FRANCISCO | Thu Jul 14, 2011 7:16pm EDT SAN FRANCISCO (Reuters) - Groupon Inc, the largest online daily deals company, has added 11 new underwriters for its upcoming initial public offering. The additions mean 14 banks are now working on the offering. In 2004, when Google Inc went public, it had 10 banks underwriting its offering, according to regulatory filings. Groupon also added new information to the risk section of its IPO filing, telling prospective investors to ignore recent comments by co-Founder Eric Lefkofsky about the company's future profitability. JPMorgan, Allen & Co, Bank of America Merrill Lynch, Barclays Capital, Citigroup Inc, Deutsche Bank Securities, William Blair & Co, Citadel Securities, Loop Capital Markets, RBC Capital Markets and the Williams Capital Group, were added as underwriters, according to an updated regulatory filing late on Thursday. Morgan Stanley, Goldman Sachs Group Inc and Credit Suisse Ltd were the lead underwriters named on Groupon's original IPO filing on June 2. Groupon is hoping to raise $750 million from its IPO, capitalizing on investor interest in the booming online daily deals industry. Groupon also said it will not need any of the money it gets from the IPO to fund operations during the next 12 months. A few days after its original IPO filing, Bloomberg News quoted Lefkofsky saying that: "Groupon was going to be wildly profitable," the company said. "The reported statement does not accurately or completely reflect Mr. Lefkofsky's views and should not be considered by prospective investors in isolation or at all," Groupon said in its updated IPO filing. "We have in the past and may continue to receive, a high degree of media coverage, including coverage that is not directly attributable to statements made by our officers and employees, incorrectly reports on statements made by our officers or employees, or is misleading as a result of omitting to state information provided by us or our officers or employees," Groupon added. "You should rely only on the information contained in this prospectus in determining whether to purchase our shares." Under Securities and Exchange Commission rules, company officials cannot talk publicly about their company ahead of an IPO. The snafu recalls a similar media blunder by Google in the lead-up to its stock-market debut. Google Founders Larry Page and Sergey Brin gave an interview to glamour magazine Playboy a few days before Google announced its IPO on April 29, 2004. The article prompted an SEC inquiry, according to the Wall Street Journal. (Reporting by Alistair Barr; editing by Robert MacMillan and Andre Grenon) Technology Deals 2011 Q2 Global Deals Review - Parent folder Inflows Outflows Media Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above. 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