Groupon Cancels Roadshow and Delays IPO

groupon-logo

 

After receiving fresh SEC criticism, Groupon will wait, evaluating its position on a week to week basis.

 

Groupon has fallen victim to the IPO blues. The stormy IPO market claimed several causalities in August, and now Groupon has canceled its roadshow — when it pitches itself to investors nationwide — originally planned for next week.  Expecting to receive a $20 billion valuation, Groupon will asses its position weekly before making any further actions. The decision to delay comes just days after the SEC sent a letter to Groupon CEO Andrew Mason saying he had violated SEC rules against public statements leading up to an IPO.

Mason sent an internal email that praised the company and bashed critics that was later leaked the public. Some speculate that Mason knew the email would be leaked.

Read More

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s