Report: Groupon may delay IPO
SAN FRANCISCO (AP) — Groupon Inc. may delay its plans to go public due to concerns about the stock market's stability, according to a report.
Citing an unnamed source, a Tuesday story in The Wall Street Journal reported that the online deal site called off its roadshow and is reconsidering when to go through with its initial public offering "on a week by week basis."
The source said Chicago-based Groupon had planned an investor roadshow for next week and expected to price its stock in the middle of the month.
The source added Groupon was questioned by the Securities and Exchange Commission about a memo CEO Andrew Mason recently sent to employees, which was leaked to media. The SEC imposes a "quiet period" on companies before an IPO, limiting what they can say publicly.