That offering could value Groupon at more than $15 billion.
The company has grown rapidly,īut its ability to sustain that growth, the ways it measures growth and the eccentric public persona of its chief executive have come under fire at times.ĭespite those criticisms, and the current turmoil in the stock market, Groupon is still aiming to go public next month, people briefed on the matter have said. The changes in the revised filing and the executive departure are likely to spur additional questions about Groupon, a much-envied rising star in the constellation of new Internet companies. Groupon, the online coupon titan, announced separately that its chief operating officer of about five months, Margo Georgiadis, had stepped down. Groupon disclosed a major accounting change on Friday, essentially halving its once-jaw-dropping revenue after it encountered resistance from regulators with its filing to go public. Seongjoon Cho/Bloomberg News Andrew Mason, Groupon’s chief executive.
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