Daily deals giant Groupon is on track to set its IPO pricing tomorrow and release shares to the public on Friday, according to news reports and analysts.
Groupon has filed with regulators to sell 30 million shares at $16 to $18 per share. The Chicago-based company is seeking to raise $540 million and a valuation of $11.4 billion. It's still unclear whether Groupon's underwriters will raise its offering price, AllThingsD is reporting.
Groupon declined CNET's request for comment on the IPO timing.
Earlier this year Groupon was valued at $20 billion and on track to move … Read more