Groupon set for float roadshow

Discounting website Groupon is planning to launch its IPO roadshow on Monday or Tuesday, sources said last night. The float is expected to value the daily deals site at more than $10bn (£6.36bn) and is likely to be in the range of $11bn to $12bn. Groupon filed for an IPO of up to $750m in June but last month put it on hold amid market volatility. Morgan Stanley, Goldman Sachs and Credit Suisse are leading the underwriters.