Groupon Steps Back From IPO Precipice

[ECTNews]

 Online coupon retailer Groupon is reevaluating its plans to go forward with its IPO following a volatile summer market, according to a recent report. The daily discount company originally announced its plans to go public in June and was rumored to be counting on a valuation of around $20 billion, with some reports going as high as $25 billion -- more than three times the $6 billion Google had offered to buy Groupon toward the end of 2010.  The sky-high reported valuation raised the eyebrows of a few market watchers, considering that Groupon has yet to turn a profit.

e-Commerce Times