Shayndi Raice for the Wall Street Journal:
Add Groupon Inc. to the list of hot new Web companies having second thoughts about whether now is a good time to go public.
The daily deals website, 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.
I’m sure Groupon’s 50% decline in traffic has nothing to do with it.