Chicago – Daily deals site Groupon, which has local backing from Chevy Chase-based New Enterprise Associates (NEA) and Ted Leonsis, the owner of the Washington Capitals and Wizards, is re-examining the timing of its planned initial public offering (IPO) in the face of ongoing market volatility, The Wall Street Journal reported.
The Chicago-based company initially had been looking to go public after Labor Day, but is now reassessing the IPO on a week-by-week basis, a person familiar with the situation told the paper.
Groupon also has cancelled next week’s planned roadshow, which was designed to attract potential investors.
This article was also published in Potomac Tech Wire.
Related Links:
Wall Street Journal – http://tinyurl.com/3pmukng
Photo by flickr user Michael Daddino, used under Creative Commons license
