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Groupon IPO Back On Track, Sources Say

Groupon Ipo

First Posted: 09/15/11 10:32 AM ET Updated: 11/15/11 05:12 AM ET

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(Reuters) - Groupon seeks to go public in October or November, people familiar with the matter told the New York Times on Wednesday, a week after the daily deals website put its IPO on hold for a few weeks as it waited to ride out global market turmoil.

The company, which had postponed a roadshow to attract potential investors early this month, could go ahead with the presentations by mid-October, sources told the NY Times.

The online coupon giant's Chief Executive Andrew Mason had earlier lashed out at critics in an internal memo to employees, which became public in August.

The IPO restart is being driven in part by a resolution between the company and the Securities and Exchange Commission over the memo, sources told the newspaper.

Groupon, which is among a clutch of Internet companies heading toward an IPO this year or next, including social games maker Zynga and Facebook, could again delay the stock sale and roadshow in case of another bout of market volatility, people briefed on the matter told the paper.

Groupon was not immediately available for comment.

(Reporting by Gowri Jayakumar in Bangalore; Editing by Muralikumar Anantharaman)
Copyright 2011 Thomson Reuters. Click for Restrictions

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(Reuters) - Groupon seeks to go public in October or November, people familiar with the matter told the New York Times on Wednesday, a week after the daily deals website put its IPO on hold for a fe...
(Reuters) - Groupon seeks to go public in October or November, people familiar with the matter told the New York Times on Wednesday, a week after the daily deals website put its IPO on hold for a fe...
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HUFFPOST SUPER USER
brandon20678
Corporations have 99 problems and I'm 1
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03:12 PM on 09/15/2011
Groupon won't last like most comapnies going public this year.
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HUFFPOST SUPER USER
Mondayboy
Rebel with a cause
573 Fans
02:53 PM on 09/15/2011
Anyone who buys their stock should hedge their bets with an ocean view property in Arizona.
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SalingersGhost
26 Fans
 
12:14 PM on 09/15/2011
They must have decided that they need to get what they can before it all goes away. This is a short-term company. Daily deal fatigue, deals that aren't really deals and the fact that thousands of companies are doing the exact same thing will kill this company. I think consumers are starting to catch on as well.

http://mankabros.com/blogs/onmedea/2011/01/13/the-trouble-with-groupon/
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Philip DeVon
64 Fans
02:45 PM on 09/15/2011
I think that article is way off. So many people are getting these Groupons they have a bright future ahead.
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