In a regulatory filing on Friday, daily deals company Groupon said it would be selling 30 million shares for between $16 and $18 in a bid to raise as much as $540 million in its upcoming IPO.
Daily deals site Groupon is hoping to raise somewhere in the region of $500 million in its upcoming IPO. Back in June it was talking of raising $750 million. The latest, more modest figure has been put down to a number of factors, including volatile market conditions and the departure of two chief operating officers this year.
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