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Groupon IPO hopes fade as valuation halves
Groupon cuts its IPO valuation to between 10.1 and 11.4 billion dollars after a surge and crash in investor enthusiasm. Analysts and merchants debate its daily deals model while competition rises and questions about revenue counting surface. The Chicago company, once hailed as the internet’s fastest growing darling, faces a tougher path to public offering with a November 4 deadline looming.
MENTIONED IN THIS ARTICLE
New York
Groupon
SEC
Sucharita Mulpuru
Forrester Research
Chicago
Cono Moreno
Brooklyn
Mason
Forbes
Living Social
Ama