Feeds

Groupon IPO could be as soon as Monday

Oft-rumoured coming out party could kick off next week

The Essential Guide to IT Transformation

Groupon's foray onto public markets hasn't exactly been smooth, but sources are saying it's a go for next week after many rumours of the on-again-off-again variety.

Those people familiar with the matter have been chatting to Reuters again, and are now saying that Groupon has a definite-ish start for its IPO roadshow: next Monday or Tuesday.

Groupon had not replied to a request for comment at the time of publication.

The roadshow is the kick-off point for an initial public offering, where the company tours around touting its brilliance to drum up interest in its newly minted shares.

It's a drumming up that Groupon might need, as the first waves of enthusiasm for the company's coming out party may well have receded in the wake of the various factors that have delayed it.

First there was the odd accounting metric in its IPO filing that seemed to be trying to make the daily deals site look more profitable than it was by leaving out its marketing and acquisition costs, although the traditionally accepted metrics were present as well.

The coupon site duly pulled the metric after the kerfuffle, but not before a number of analysts began to ponder whether the online voucher business model was a goer after all.

Then, the market went all volatile and the first estimates of Groupon's worth – somewhere in the region of $20bn – started to look a tad optimistic. Today's sources think the Chicago-based company will be valued somewhere around $11bn to $12bn.

Oh, and then, Groupon's CEO Andrew Mason wrote an email rant against the company's critics that was leaked to the press during the quiet period – the time when a firm that has filed for an IPO has to keep the lid on anything that might affect its share price, such as its CEO raving about how well it's doing.

The delay in Groupon going public has been attributed to any and all of these factors, but it's certainly entering the market under different circumstances than it first envisioned, and as such, it's a highly anticipated launch whose success or failure could send strong signal to both markets and tech firms. ®

Boost IT visibility and business value

More from The Register

next story
iPad? More like iFAD: We reveal why Apple fell into IBM's arms
But never fear fanbois, you're still lapping up iPhones, Macs
Sonos AXES support for Apple's iOS4 and 5
Want to use your iThing? You can't - it's too old
Philip K Dick 'Nazi alternate reality' story to be made into TV series
Amazon Studios, Ridley Scott firm to produce The Man in the High Castle
You! Pirate! Stop pirating, or we shall admonish you politely. Repeatedly, if necessary
And we shall go about telling people you smell. No, not really
Too many IT conferences to cover? MICROSOFT to the RESCUE!
Yet more word of cuts emerges from Redmond
Joe Average isn't worth $10 a year to Mark Zuckerberg
The Social Network deflates the PC resurgence with mobile-only usage prediction
Chips are down at Broadcom: Thousands of workers laid off
Cellphone baseband device biz shuttered
Feel free to BONK on the TUBE, says Transport for London
Plus: Almost NOBODY uses pay-by-bonk on buses - Visa
Amazon says Hachette should lower ebook prices, pay authors more
Oh yeah ... and a 30% cut for Amazon to seal the deal
prev story

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
The Essential Guide to IT Transformation
ServiceNow discusses three IT transformations that can help CIO's automate IT services to transform IT and the enterprise.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
How modern custom applications can spur business growth
Learn how to create, deploy and manage custom applications without consuming or expanding the need for scarce, expensive IT resources.
Build a business case: developing custom apps
Learn how to maximize the value of custom applications by accelerating and simplifying their development.