Groupon Tries to Shove IPO Out the Door Before More Investigations

Groupon, a Chicago-based startup plans to raise about two-thirds of the $750 million intended to raise in June, by selling 30 million shares for between $16 and $18 each, placing the company at a valuation range of $10.1 billion to $11.4 billion.

Don’t Miss: Groupon to Investors: Just Ignore Our Accounting, SEC Violation, and Competitors.

Despite facing some challenges, such as losing two COO’s, and scrutiny over its accounting practices and long-term growth prospects, as well as a class action lawsuit, Groupon turned down a $6 billion acquisition offer from Google (NASDAQ:GOOG) in June. Its third quarter was stronger with revenues at $430.2 million up 426% the same period last year, and 9.6% over the previous quarter.

“It will arrive on the NASDAQ exchange (NASDAQ:NDAQ) under the ticker GRPN,” according to Mashable Business.

More from The Cheat Sheet