Groupon, which is expected to fetch a $20 billion valuation upon its stock-market debut, canceled its investor roadshow and is reevaluating plans for an initial public offering in the face of stock-market volatility, said a person familiar with the matter. While the Chicago company isn't pulling its IPO, it is reassessing its timing on a week by week basis, this person added.
Groupon had originally been aiming to go public after Labor Day and to price its shares in mid-September, this person said. The roadshow had been planned for next week. A Groupon spokesman declined to comment.
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