Tuesday, February 7, 2012

Groupon set to ditch flotation plans

6:51 PM | Posted by Free Game Zone | Edit Post

discount online for $ 25 billion is plans stock offering on hold, executives say Wall Street Journal

Groupon, the company expects online, near ditches would intend to publish in one of the biggest sale of shares on the date of the next generation of technology companies.

The Chicago-based company was scheduled to begin a promotional tour next week, visiting potential investors before it is one of IPOs most anticipated digital. The company had been valued at up to 25 billion. But according to the reports of these plans were put on ice.

The company did not return calls for comment, but officials told the Wall Street Journal that the recent stock market fluctuations has led to the decision of the initial public offering (IPO) in expected.

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The controversy appears

email leak in which the founder Andrew Mason criticized Groupon growing army of critics have also caused problems for society by irritating the regulators.

Groupon three years, offers daily bids for local businesses, and is, by some measures, the company the fastest growing of all time. Google offered $ 6 billion for the company last year, only to be rejected that assessment rose, driven by its phenomenal growth rate and appetite of investors increasingly frenetic new dotcom.

But Groupon prepares IPO, expected as early as this month, criticism of company accounts and long-term outlook has increased.
  • The company was running out of cash, facing growing competition from Amazon and others, and not at the level in China, according to various reports.
Mason with shots to the criticism in an internal email leak immediately to AllThingsD, the Tech site owned by the Wall Street Journal. The leak appears to have violated the U.S. financial rules that restrict what the leaders in a company considering an IPO can be said before the IPO.

Sucharita Mulpuru, a Forrester Research analyst and longtime critic of Groupon, called the decision "catastrophic". "This must be the fudge of the century," he said. . "What surprises me most is they made themselves appear to have been destroyed, like Icarus, because they flew too near the sun - not because they asked too much money," said


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