Pakistanis angry over detentions in Times Sq. case Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They
AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e
BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German
Minister seeks closure of anti-Berlusconi websites Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who
By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an
Edition:
U.S.
Africa
Arabic
Argentina
Brazil
Canada
China
France
Germany
India
Italy
Japan
Latin America
Mexico
Russia
Spain
United Kingdom
Home
Business
Business Home
Economy
Technology
Media
Small Business
Green Business
Legal
Deals
Earnings
Summits
Business Video
Markets
Markets Home
U.S. Markets
European Markets
Asian Markets
Global Market Data
Indices
M&A
Stocks
Bonds
Currencies
Commodities
Futures
Funds
peHUB
World
World Home
U.S.
Brazil
China
Euro Zone
Japan
Mexico
Russia
Afghan Journal
Africa Journal
India Insight
Global News Journal
Pakistan: Now or Never?
World Video
Politics
Politics Home
Front Row Washington
Politics Video
Technology
Technology Home
MediaFile
Science
Tech Video
Opinion
Opinion Home
Chrystia Freeland
Felix Salmon
Jack Shafer
Breakingviews
David Rohde
Bernd Debusmann
Gregg Easterbrook
Nader Mousavizadeh
James Saft
David Cay Johnston
Edward Hadas
Christopher Whalen
Ian Bremmer
Mohamed El-Erian
Lawrence Summers
The Great Debate
Unstructured Finance
Newsmaker
Money
Money Home
Analyst Research
Global Investing
MuniLand
Reuters Money
John Wasik
Alerts
Watchlist
Portfolio
Stock Screener
Fund Screener
Personal Finance Video
Life & Culture
Health
Sports
Arts
Faithworld
Business Traveler
Left Field
Entertainment
Oddly Enough
Lifestyle Video
Pictures
Pictures Home
Reuters Photographers
Full Focus
Video
Article
Comments (0)
Follow Reuters
Facebook
Twitter
RSS
YouTube
Read
Macau casino junkets thrive despite China credit squeeze
18 Oct 2011
Discussed
241
Who’s behind the Wall St. protests?
162
Alabama immigration law decried, applauded as some flee state
97
Obama jobs roadshow seeks to tap anti-Wall St anger
Watched
Japanese airline, ANA, apologises for plane flip
Fri, Sep 30 2011
Rihanna's "inappropriate" outfit halts music video
Tue, Sep 27 2011
9-year-old designated driver in Michigan
Tue, Oct 18 2011
Groupon planning IPO launch for next week: sources
Tweet
Share this
Email
Print
Related News
Groupon planning IPO launch for next week: sources
Tue, Oct 18 2011
Kinder Morgan to buy El Paso for $21 billion
Mon, Oct 17 2011
Analysis: As banks squeeze, alternative lenders gain traction
Mon, Oct 17 2011
G4S to buy Denmark's ISS in $8.2 billion deal
Mon, Oct 17 2011
JPMorgan Q3 net falls; bank eyes expenses
Thu, Oct 13 2011
Analysis & Opinion
How big banks can fix their leadership blindspots
Jeffrey Immelt and the reinvention of GE
Related Topics
Technology »
Deals »
Global Deals Review: 2011 Q3 »
Global Deals Review: 2011 Q2 »
Global Deals Review »
Small Business »
Media »
Groupon founder and CEO Andrew Mason attends the second day of the Allen and Company Sun Valley Conference in Sun Valley, Idaho on July 7, 2011.
Credit: Reuters/Anthony Bolante
By Alistair Barr and Clare Baldwin
SAN FRANCISCO/NEW YORK |
Tue Oct 18, 2011 8:41pm EDT
SAN FRANCISCO/NEW YORK (Reuters) - Groupon Inc is pushing ahead with plans to go public in the face of a volatile equity market, a recent executive departure and questions about its accounting and financial disclosures, sources said on Tuesday.
Groupon, the largest daily deal company, is planning to launch a roadshow for its initial public offering next week, on Monday or Tuesday, three sources familiar with the situation said.
The IPO is expected to value the Chicago-based company at over $10 billion, likely in the range of $11 billion to $12 billion, two of the sources said.
The sources declined to be named because they were not authorized to speak publicly on the matter.
Michael Buckley, a spokesman for Groupon, declined to comment.
In June, Groupon filed for an IPO of up to $750 million. It is one of the most hotly anticipated deals in the United States IPO pipeline.
The offering was initially expected to value Groupon at more than $20 billion, but the stock market slumped at the end of the summer, disrupting most IPO plans and cutting the value of the few that did get done. Groupon has never disclosed in its IPO filings how the company would be valued in the IPO.
Groupon has faced criticism for some of its accounting metrics. The company took a more conservative accounting approach twice, under pressure from regulators and investors, but it is still losing money, partly because of its marketing spending, and faces questions about the sustainability of its business model.
An internal memo from Chief Executive Andrew Mason disclosing financial information about the company that was not in its IPO filings was leaked to the press in August. This put Groupon under greater regulatory scrutiny.
In late September, Groupon's chief operating officer left to join Google Inc.
"The Groupon story is no longer so compelling," said Scott Sweet of IPO Boutique, a research firm focused on initial public offerings. He added that a valuation above $10 billion was "enormous."
"They have always thought that the company is the only one out there doing what it does and that this warrants a high valuation," Sweet said. "But they are in denial."
Underwriters on the IPO are being led by Morgan Stanley, Goldman Sachs & Co and Credit Suisse.
News that Groupon was considering launching its IPO roadshow next week was reported earlier on Tuesday by the AllThingsD blog.
(Reporting by Clare Baldwin in New York and Alistair Barr in San Francisco; editing by Andre Grenon)
Technology
Deals
Global Deals Review: 2011 Q3
Global Deals Review: 2011 Q2
Global Deals Review
Small Business
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.
Social Stream (What's this?)
Edition:
U.S.
Africa
Arabic
Argentina
Brazil
Canada
China
France
Germany
India
Italy
Japan
Latin America
Mexico
Russia
Spain
United Kingdom
Back to top
Reuters.com
Business
Markets
World
Politics
Technology
Opinion
Money
Pictures
Videos
Site Index
Legal
Bankruptcy Law
California Legal
New York Legal
Securities Law
Support & Contact
Contact Us
Advertise With Us
Connect with Reuters
Twitter
Facebook
LinkedIn
RSS
Podcast
Newsletters
Mobile
About
Privacy Policy
Terms of Use
Our Flagship financial information platform incorporating Reuters Insider
An ultra-low latency infrastructure for electronic trading and data distribution
A connected approach to governance, risk and compliance
Our next generation legal research platform
Our global tax workstation
Thomsonreuters.com
About Thomson Reuters
Investor Relations
Careers
Contact Us
Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests.
NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.