Groupon files reduced IPO

October 21, 2011 | Filed under: AM Roundup | Posted by:
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Groupon Inc., the largest online coupon site, is seeking a valuation of $11.4 billion, less than half the $25 billion discussed in early talks with banks this year, reports Bloomberg.

The Chicago-based company is offering 30 million shares of Class A stock at a price between $16 and $18.

Read more at bloomberg.com.