Groupon IPO Reportedly Back on Track

NEW YORK (TheStreet) -- Groupon, the online coupon company, aims to go public in late October or early November, The New York Times reported, citing people briefed on the matter.

Groupon postponed presentations to potential investors for its initial public offering earlier this month.

Groupon could start its IPO roadshow by the middle of October, the newspaper said.

The IPO restart is being driven in part by a resolution between Groupon and the Securities and Exchange Commission over a memo from Groupon's CEO to employees that promoted the company's business performance, the people told the Times. The memo became public, raising concerns Groupon had violated SEC rules restricting corporate information before an offering to its prospectus.

In other IPO news, Facebook is delaying its IPO until the end of 2012 so employees can focus on developing products for the social networking Web site, according to The Financial Times.

-- Written by Joseph Woelfel

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