- 5 years ago


Daily deals startup Groupon is going to postpone its IPO, according to anonymous sources, the Wall Street Journal reports.

The company’s management decided that the stock market’s ongoing volatility is too much for Groupon to stomach, although some may argue its because of Groupon’s legal issues and financial troubles.

The fastest growing company ever (according to Forbes), Groupon filed for its IPO in June. It was set to be $750 million, valuing the company at $20-billion or more. Google offered to buy the company for $6 billion in 2010 but was turned down. Groupon is accumulating many millions in losses while it aggresively builds its user base.

Zynga, maker of Farmville and Mafia Wars among other popular games, has also delayed its IPO due to market chaos.