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Groupon Expects $480M From IPO

Had hoped for $750M just months ago

By Matt Cantor, Newser Staff

Posted Oct 21, 2011 7:20 AM CDT

(Newser) – Early this summer, Groupon was aiming to raise $750 million in its initial public offering; now, it expects to raise no less than $480 million but no more than $540 million from the sale of 30 million shares, the AP reports. In a tough market for stock offerings, the firm has faced questions over accounting practices. Shares will be priced between $16 and $18 each, the company says in a regulatory filing today, with proceeds going to working capital as well as possible acquisitions.

The Groupon logo is displayed in the lobby of the company's international headquarters on June 10, 2011 in Chicago. (Getty Images)

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Groupon Expects $480M From IPO

Had hoped for $750M just months ago

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