Groupon continued to adjust its IPO documents earlier this week. The company said that it had split its voting common stock but not raised the $16 to $18 share price. Groupon’s prospectus, a regulatory document all companies looking to make initial public offerings must file, has undergone a number of changes since the company first announced plans to go public.
And the company still has time to make more changes. Some say the asking price of between $16 and $18 a share is low, and strong investor demand may cause the company to raise the initial stock price. Groupon has been on the road courting investors, with stops in Denver and Los Angeles this week and in Chicago on Thursday.
Read more at The New York Times.
