Groupon IPO back on track

Groupon seeks to go public in October or November, people familiar with the matter told the New York Times on Wednesday, a week after the daily deals website put its IPO on hold for a few weeks as it waited to ride out global market turmoil.

The company, which had postponed a roadshow to attract potential investors early this month, could go ahead with the presentations by mid-October, sources told the NY Times.

The online coupon giant’s Chief Executive Andrew Mason had earlier lashed out at critics in an internal memo to employees, which became public in August.
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