X

Groupon Expects $480M From IPO

Had hoped for $750M just months ago
By Matt Cantor,  Newser User
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. (Read more Groupon stories.)

We use cookies. By Clicking "OK" or any content on this site, you agree to allow cookies to be placed. Read more in our privacy policy.
Get the news faster.
Tap to install our app.
X