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.