Group buying giant Groupon may delay its IPO due to market volatility, according to a new report in the Wall Street Journal.
The rumour comes after the company has reportedly been under scrutiny from the Securities and Exchange Commission for using an unusual accounting metric in its initial filing.
The WSJ has claimed that not only will Groupon need to deal with volatile markets, but reports the company may have to deal with an internal letter sent to employees that could potentially upset the SEC and regulations around going “quiet” before a listing.
The report also comes just weeks after social gaming company Zynga was reported to be considering delaying its IPO.
ABOUT THE AUTHOR
Patrick Stafford is a freelance journalist and a former deputy editor of SmartCompany.
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