Deal or no deal: Internet start up Groupon could be hitting initial public offering land next week, sources indicate. The company set up just three years ago, who up until recently operated as Stardeals in Australia, is said to be “launching a roadshow” for investors on October 24 and 25th, reports Reuters.
The IPO, one of the most hotly anticipated for the group deals site, apart from social giant Facebook, is said to be valued at $11-12bn, sources suggest, and is almost certain to send investrors into a flurry.
Earlier this year, it filed for an initial public offering of its class A stock, worth $750m, although this was later pulled due to regulatory and management complications.
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Within the last six months alone, Chicago based coupon operation founded by Andrew Mason, one of the most successful in the daily deals industry, has lost two Chief Operating Officers.