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Subscribe to RSSSocial couponing site Groupon is aiming for an initial public offering in October or early November, the New York Times reported on Thursday, citing people briefed on the matter.
The newspaper said Groupon could begin its roadshow process as soon as mid-October, according to those people.
Just last week it was reported that Groupon was mulling delaying its IPO amid market turmoil.
On Wednesday, The Financial Times reported that social networking site Facebook was delaying its planned IPO until the end of next year. Facebook is among a number of tech companies getting cold feet about going public amid uncertainty about the economy and volatile markets.
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Who has the incentive to leak this info? The source who has an agenda would leak it, something like a Groupon investors hoping to convince mutual funds (vendors? maybe even employees?) that the company is still economically viable, even when every financial figure released shows that it's a cash incinerator.
This company isn't worth 2 cents.
I guess they need more time to voodoo up some numbers.