Groupon delays (or cancels) flotation

American coupon website Groupon reportedly wants to delay (or abandon) its flotation, says the Wall Street Journal. Groupon had hoped to use the momentum to make the largest possible sum out of the stock exchanges' interests in social network sites. 

A 25 billion dollar transaction?

Groupon wanted to follow LinkedIn's example, as the current worth of the company is estimated to be some 25 billion dollar (18 billion euro). The date for the flotation was set for mid September, but the unstable stock exchanges had the company decide that this is not the right time. At this time it remains uncertain whether the flotation is simply delayed or cancelled altogether.

 

The US Securities and Exchange Commission, already watching Groupon after a case of “creative accounting”, opened a new investigation after CEO Andrew Mason supposedly sent a memo with financial information to several employees. In the “silent period” before a flotation, this is strictly forbidden in the US.

American coupon website Groupon reportedly wants to delay (or abandon) its flotation, says the Wall Street Journal. Groupon had hoped to use the momentum to make the largest possible sum out of the stock exchanges' interests in social network sites. 

A 25 billion dollar transaction?

Groupon wanted to follow LinkedIn's example, as the current worth of the company is estimated to be some 25 billion dollar (18 billion euro). The date for the flotation was set for mid September, but the unstable stock exchanges had the company decide that this is not the right time. At this time it remains uncertain whether the flotation is simply delayed or cancelled altogether.

 

The US Securities and Exchange Commission, already watching Groupon after a case of “creative accounting”, opened a new investigation after CEO Andrew Mason supposedly sent a memo with financial information to several employees. In the “silent period” before a flotation, this is strictly forbidden in the US.

Questions or comments? Please feel free to contact the editors


Harrods plans biggest make-over in its 180-year history

24/11/2017

During the next three years, Harrods will be thoroughly revamped. The London luxury department store is investing a staggering 200 million pound (225 million euro) into its largest renovation to date and into new online services for its Chinese customers.

LensOnline targets German expansion

22/11/2017

Belgian LensGroup, which dominates Belgian online contact lens sales alongside LensOnline, is slowly conquering the European market. Following the Netherlands, Italy and Spain, it is now targeting the German market.

Europe halts geoblocking

22/11/2017

Negotiators for the European Parliament, the European Council and the European Commission reached an agreement on a geoblocking ban. With geoblocking, web shops could exclude visitors from other countries.

Hema targets extensive expansion in Germany

21/11/2017

Store chain Hema has major plans for Germany: in the next three years, it will open at least seventy new stores, which is a huge increase compared to the eleven it currently has in the country. Hema also targets shop-in-shops and stores in train stations.

Amazon almost ready to launch first cashierless Go

20/11/2017

According to certain sources, Amazon is currently hiring construction managers and marketers for its Amazon Go team. This move may suggest that the cashierless supermarket concept may be ready for prime time – for real this time.

Turnover for 100 largest web shops in Belgium grows 13.5 %

16/11/2017

Turnover for the top 100 web shops in Belgium grew 13.5 % from 3.7 to 4.2 billion euro. Digital sales for food items and household products have increased considerably.

Back to top