Groupon Adds JP Morgan As IPO Underwriter

Groupon has appointed JP Morgan as the fourth lead underwriter for its planned initial public offering.

Groupon has appointed JP Morgan as the fourth lead underwriter for its planned initial public offering (IPO), The Wall Street Journal reports. The company, now valued at more than $9.8 billion, has also listed a group of other underwriters, including Bank of America Merrill Lynch, Barclays Capital and Citi.

The Chicago-based company registered in June to raise $750 million in an IPO, adds Bloomberg. Other three lead underwriters of the company’s original offering are Morgan Stanley, Credit Suisse and Goldman Sachs.

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