Tags: groupon | ipo | stock

Groupon Reported to Be Cutting Back Size of IPO

Wednesday, 19 Oct 2011 06:01 PM

 

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink
Daily deals site Groupon is set to raise less than the amount it initially filed for in its IPO paperwork, two sources familiar with the situation said Wednesday.

Groupon in June filed to raise up to $750 million in its IPO. One source familiar with the situation said it is now planning to raise less than that amount, but not significantly less. A second source familiar with the situation said it is now planning to raise about $500 million.

The information is not public and the sources declined to be named. Groupon was not immediately available for comment.

Groupon is expected to launch its IPO roadshow early next week, sources told Reuters on Tuesday. The IPO is expected to value the Chicago-based company at over $10 billion, likely in the range of $11 billion to $12 billion, the sources said.

© 2014 Thomson/Reuters. All rights reserved.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web

Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Retype Email:
Country
Zip Code:
 
You May Also Like
Around the Web

Most Commented

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved