Feeds

Groupon IPO could be as soon as Monday

Oft-rumoured coming out party could kick off next week

Protecting users from Firesheep and other Sidejacking attacks with SSL

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. ®

Choosing a cloud hosting partner with confidence

More from The Register

next story
Phones 4u slips into administration after EE cuts ties with Brit mobe retailer
More than 5,500 jobs could be axed if rescue mission fails
JINGS! Microsoft Bing called Scots indyref RIGHT!
Redmond sporran metrics get one in the ten ring
Driving with an Apple Watch could land you with a £100 FINE
Bad news for tech-addicted fanbois behind the wheel
Murdoch to Europe: Inflict MORE PAIN on Google, please
'Platform for piracy' must be punished, or it'll kill us in FIVE YEARS
Phones 4u website DIES as wounded mobe retailer struggles to stay above water
Founder blames 'ruthless network partners' for implosion
Found inside ISIS terror chap's laptop: CELINE DION tunes
REPORT: Stash of terrorist material found in Syria Dell box
Sony says year's losses will be FOUR TIMES DEEPER than thought
Losses of more than $2 BILLION loom over troubled Japanese corp
prev story

Whitepapers

Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.
WIN a very cool portable ZX Spectrum
Win a one-off portable Spectrum built by legendary hardware hacker Ben Heck
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Security and trust: The backbone of doing business over the internet
Explores the current state of website security and the contributions Symantec is making to help organizations protect critical data and build trust with customers.