Just two weeks ago, Groupon filed new IPO paperwork with the SEC after regulators raised questions about an accounting metric. Now Groupon has refiled again.The new filings featured newly adjusted metrics. Notably, Groupon adjusted its expected “gross billings” for the second quarter to $929.9 million — $20 million more than its previous filing. Groupon has taken a lot of criticism over this gross-billings metric, which measures the total amount Groupon collets from consumers before it pays vendors.
Read more at The New York Times.