Groupon in IPO change

Steve Dinneen
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DEAL website Groupon has ditched a controversial accounting method that appears to eliminate marketing and subscriber-acquisition costs ahead of its multi-billion dollar flotation.

The changes more than double Groupon’s second quarter loss to $102.7m (£63m), up from the $36.8m last year. The firm filed plans to raise $750m in June in an IPO that could value it at more than $20bn.