Groupon Rethinking IPO Plans

    CHICAGO, IL - JUNE 10:  Workers work on projects at Groupons international headquarters on June 10, 2011 in Chicago, Illinois. Groupon, a local e-commerce marketplace that connects merchants and consumers by offering goods and services at a discount, announced June 2 that it had filed with the Securities and Exchange Commission for a proposed initial public offering of its Class A common stock. The company, launched in Chicago in November 2008 now markets products and services in 43 countries around the world.  (Photo by Scott Olson/Getty Images)

    Scott Olson / Getty Images

    The daily-deals website Groupon is reevaluating its plans to go public, a source told The Wall Street Journal Tuesday. The company isn’t canceling its initial public offering, but is delaying it in view of the recent volatility in the stock market, a person familiar with the matter said. Groupon has canceled its roadshow and has begun a wait-and-see approach. But the source also said the U.S. Securities and Exchange Commission contacted a Groupon attorney last week, asking the lawyer to answer a series of questions related to a recently leaked memo in which Groupon chief executive Andrew Mason touted the company to employees. The SEC prohibits making public statements about the financial status of a company during an IPO process.

    Read it at Wall Street Journal