Groupon Discounts its IPO

Thursday, 20 October 2011 | by Pat's Picks

Groupon, the discount dealer, just discounted its IPO. After buzz of a valuation between $18 and $20 billion in June, the three-year-old company is now valued at $12 billion. The company is also planning to sell off only a small portion—about 10 percent—of its shares, hoping it can sell more later, at a higher price.

SOURCE: Wall Street Journal