Groupon may see its valuation dip below $US6 billion, according to a new report, just months after analysts predicted the group buying giant could see a valuation north of $US20 billion.
The move comes alongside separate reports which indicated Groupon had been delaying its IPO due to market volatility, fearing it would not record the best result.
According to Bloomberg, IPOX Schuster founder Josef Schuster says “interest is diminishing by the week”.
“All the news that’s coming out underlines some form of turmoil in the company. As an IPO investor, you don’t want that.”
The valuation comes after the company’s chief operating officer resigned after just four months in the job, returning to Google, while the business also made yet another amendment to its S-1 filing, changing the method by which it calculates revenue.
Patrick Stafford is a freelance journalist and a former deputy editor of SmartCompany.
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