Editor's note: Hard to believe that a company that sells coupons would be worth $30 billion. Who does Groupon employ? Lots of ex-journalists who have left or been laid off. This is just another example of the sorry state of journalism. - MT
NYT - Groupon is considering a delay to its long-awaited initial public offering amid turmoil in the stock market.
While the online coupon giant had been hoping to go public by the end of this month, it is studying the market conditions and may push back the timing of the offering, said two people briefed on the matter who were not authorized to speak publicly about internal discussions.
Earlier this summer, Groupon was aiming for an I.P.O. at a valuation near $30 billion and had been considering a roadshow for potential investors next week. The roadshow now appears to be off the table.
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