NEW YORK ( TheStreet) -- Groupon, the daily deals site, plans to sell 30 million shares at $16 to $18 a share, the company said in a regulatory filing on Friday.

Groupon's planned IPO of $540 million is less than the $750 million the company filed to raise in June.

Groupon plans to launch a roadshow for its initial public offering next week, either Monday or Tuesday. CEO Andrew Mason, Chief Financial Officer Jason Child and Jeff Holden, head of product at Groupon, will speak during the roadshow, according to Reuters.

Since Groupon filed for an IPO back in June, the company has hit some roadblocks along the way to the offering.

The company lost its chief operating officer in September after just five months on the job, and it has been criticized for altering its accounting metrics to appeal to investors.

-- Written by Joseph Woelfel

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