Daily-deals provider Groupon has decided to postpone its initial public offering, The Wall Street Journal is reporting, citing anonymous sources.
The Journal's sources claim that Groupon's management has decided against an IPO anytime soon due to the stock market's continued "volatility." Initially, the Journal's sources claim, Groupon was planning to price its shares during the middle of September and go public soon thereafter.
Groupon filed for its IPO with the U.S. Securities and Exchange Commission in June. The $750 million IPO could value the company at a reported $20 billion to $25 billion, … Read more