Group buying giant Groupon is now back on schedule with its IPO set to occur in either October or early November, according to the New York Times.
The resumption of the schedule comes as Groupon has reportedly patched things up with the Securities and Exchange Commission, which was concerned over a number of the company’s statements.
In particular the SEC was concerned with a memo sent from chief executive Andrew Mason to employees that explained the company’s performance. It became public and reports suggested the memo may have broken some regulations.
The resumption of the Groupon IPO schedule comes despite Facebook reportedly delaying its listing until September 2012, while Zynga has reportedly delayed its own as well due to market volatility.
Patrick Stafford is a freelance journalist and a former deputy editor of SmartCompany.
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