Groupon is Taking its IPO on the Road, Finally

Getty Images
Adam Martin 203 Views Oct 18, 2011

Groupon is having a hell of a time trying to go public. After a banner initial valuation of $30 billion, it lost about two thirds of that over the summer and fall while going through management shakeups. Then there was that long series of burns by Andrew Ross Sorkin in Monday's New York Times. But though rumors swirled in September that the company planned to call off its initial public offering and had already canceled its road show, All Things D reports on Tuesday that that's not the case. In fact, writes Kara Swisher, Groupon is taking its IPO on the road next week to pitch the business to potential shareholders, which "might be an indication that its finances have improved in its recent quarter." It lost $102.7 million on revenue of $878 million last quarter. Swisher notes the company had been putting off its IPO during the stock market's recent turbulence, but it's expected to go ahead on the Nasdaq shortly after the road show is complete.

Want to add to this story? Let us know in comments or send an email to the author at amartin at theatlantic dot com. You can share ideas for stories on the Open Wire.

Sources

Topics: ,
Related Articles   More by Adam Martin

Why IPO's Must Always Go Pop

The Problem with Breathless Speculation over Tech IPOs

Groupon's Fall from IPO Grace

 

Shep Smith Apologizes After Fox News Airs a Suicide

France Plans to Tax Millionaires at 75%

Elsewhere on the Web

User Comments

Please type your comment and click Post. If you’re not already logged in you will be prompted to log in or register

  • The Atlantic Wire on Twitter
  • The Atlantic Wire RSS Feed
  • The Atlantic Wire iPhone App