Amid sending out daily deals to its subscribers, Chicago-based company Groupon has put its IPO plans on hold. The company is reevaluating its options, and has cancelled next week’s roadshow and is reassessing its timing. The announcement comes three months after filing for a $750 million offering.
The delay is a result of multiple factors, one of the reasons cited as the volatility of public equities markets. There is also an SEC inquiry into a leaked email that Groupon CEO sent to company employees rebutting negative press coverage.