Online coupon retailer Groupon is reevaluating its plans to go forward with its IPO following a volatile summer market, according to a recent report. The daily discount company originally announced its plans to go public in June and was rumored to be counting on a valuation of around $20 billion, with some reports going as high as $25 billion — more than three times the $6 billion Google had offered to buy Groupon toward the end of 2010. The sky-high reported valuation raised the eyebrows of a few market watchers, considering that Groupon has yet to turn a profit.
Maybe Mason is working a deal for 50% off the valuation of Groupon. :)
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Groupon Steps Back From IPO Precipice
Posted by: Rachelle Dragani September 7, 2011 11:05 AMOnline coupon retailer Groupon is reevaluating its plans to go forward with its IPO following a volatile summer market, according to a recent report. The daily discount company originally announced its plans to go public in June and was rumored to be counting on a valuation of around $20 billion, with some reports going as high as $25 billion — more than three times the $6 billion Google had offered to buy Groupon toward the end of 2010. The sky-high reported valuation raised the eyebrows of a few market watchers, considering that Groupon has yet to turn a profit.