Groupon To Hire Underwriters For IPO

Groupon is likely to appoint pick Goldman Sachs and Morgan Stanley as the two lead underwriters for a planned initial public offering later this year.

Groupon is likely to appoint pick Goldman Sachs and Morgan Stanley as the two lead underwriters for a planned initial public offering (IPO) later this year, The Wall Street Journal reports. The offering is expected to value the deal-of-the-day website company at between $15 billion and $20 billion.

The Chicago-based company is also expected to hire JP Morgan Chase as one of the co-managers for the offering. Groupon has not decided the amount it is planning to raise from the offering.

Click here for the story from The Wall Street Journal.

Click here for additional coverage from Reuters.