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Groupon Pushes Back Initial Public Offering

The big step was virtually confirmed for mid-September by insiders, but the market leader for online coupons is taking a step back. According to The Wall Street Journal, Groupon cancelled its “Roadshow” for investors and has further delayed its initial public offering (IPO).
The reason for this is, according to professionals, the worldwide financial crisis as well as the growing doubts of the business model. Although insiders believed Groupon to be capable of a multi-billion dollar IPO – even the company wanted to get 750 million from investors – the company is still making minuses. The latest reports claim a 50 percent loss in business.
Not all too long ago, Facebook and Yelp noticed that the Daily-Deal market hasn’t been doing so well: Facebook said goodbye to its service and Yelp has reduced significantly. Google hasn’t been phased by this, however, and is continuing to expand its own service, Google Offerswhich is now available in five more US cities, adding to a total of eleven, and thirty more are in process.

Groupon Pushes Back Initial Public Offering

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