Got Your Groupon?
by Canvass on September 8, 2011
in business threats
Well Groupon doesn’t.
The online discount shopping company canceled their investor roadshow that would lead to their initial public offering. The reason for the cancellation is stock market volatility, the Wall Street Journal said on Tuesday.
The company is not canceling its long awaited IPO, but rather rethinking the ideal time for it, the paper said, quoting an unidentified source.
Groupon is under investigation by the Securities and Exchange Commission because of a leaked memo discussing the company’s financial status during the IPO “quiet period”.
Analysts suggest Groupon’s IPO plans are stalled because it’s bleeding cash with their international expansion and marketing efforts and slowing growth in North America.
