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


EU and Japan agree in principle on trade deal

20/07/2017

(content provided by EuroCommerce) After more than four years of negotiation, the EU and Japan have reached a political agreement in principle on an Economic Partnership Agreement during Japanese Prime Minister Abe’s visit to Brussels. 

Register for the RetailDetail Day 2017 now

20/07/2017

Starting today, you can register for the annual RetailDetail Day, in Mechelen on 21 September. The widely varied program will bring together reputable retailers and digital innovators.

Ensuring your packaging is not past its prime

18/07/2017

By the end of 2017, almost a quarter of everyone on the planet will be over the age of 50. This represents a huge opportunity for retailers but they must be wise, particularly in regard to their packaging choices, if they want to engage this demographic.

Over 100 exhibitors at Shoptalk Europe

18/07/2017

(advertorial) Shoptalk Europe is the big, new event for retail and ecommerce innovation. It covers the transformational trends, technologies and business models reshaping how consumers discover, shop and buy in an age of digital disruption. 

European consumer remains upbeat

18/07/2017

Research firm GfK’s recent study shows that the European consumer trust keeps growing, but there are vast differences depending on the country.

Reckitt Benckiser evades taxes through the Netherlands

13/07/2017

British Reckitt Benckiser, which owns brands like Durex, Calgon and Nurofen, has evaded hundreds of millions of euros in taxes through the Netherlands according to Oxfam Novib after it studies the company’s financial results.

Back to top