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.
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