Citing volatile market conditions, Groupon is rethinking the timing of its IPO, according to a report.
The company isn’t canceling its IPO but is “reassessing the timing on a week-by-week basis,” according to The Wall Street Journal, which cited a person familiar with the matter.
Groupon had planned to go public after Labor Day. The company was set to price its shares by mid-September and had planned a roadshow for investors next week. That roadshow has been canceled, according to the report.
Groupon could not be reached for comment.
Groupon, which filed for its $750 million IPO in June, before the market tanked, isn’t the only company to get cold feet about going public. Zynga has also reportedly put off its IPO, which was originally set for September, until November.
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Posted on Tue, 06 Sep 2011 19:42:49 +0000 at http://feeds.mashable.com/~r/Mashable/~3/faJgrUCED-g/
Comments: http://mashable.com/2011/09/06/groupon-ipo-2/#comments
The company isn’t canceling its IPO but is “reassessing the timing on a week-by-week basis,” according to The Wall Street Journal, which cited a person familiar with the matter.
Groupon had planned to go public after Labor Day. The company was set to price its shares by mid-September and had planned a roadshow for investors next week. That roadshow has been canceled, according to the report.
Groupon could not be reached for comment.
Groupon, which filed for its $750 million IPO in June, before the market tanked, isn’t the only company to get cold feet about going public. Zynga has also reportedly put off its IPO, which was originally set for September, until November.
More About: groupon, ipo, ZyngaFor more Business & Marketing coverage:Follow Mashable Business & Marketing on TwitterBecome a Fan on FacebookSubscribe to the Business & Marketing channelDownload our free apps for Android, Mac, iPhone and iPad
Posted on Tue, 06 Sep 2011 19:42:49 +0000 at http://feeds.mashable.com/~r/Mashable/~3/faJgrUCED-g/
Comments: http://mashable.com/2011/09/06/groupon-ipo-2/#comments
