ONLINE US deal business Groupon has changed its accounting methods as it attempts to launch on the New York Stock Exchange.
A metric used by Groupon that removed costs of marketing and gaining subscribers has effectively been sidelined by the business in its IPO documentation.
“While we track this management metric internally to gauge our performance, we encourage you to base your investment decision on whatever metrics make you comfortable,” stated chief executive Andrew Mason in the document.
Groupon is attempting to raise $750m (£463m) in the IPO process, valuing the loss-making business at $20bn. However, reports suggest concerns among analysts over the value placed on the business.
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The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states
The Financial Reporting Council has issued guidance regarding the annual reporting of 1,200 large and smaller listed companies. The letter highlighted the key issues and improvements that can be made in the 2016 reporting season
Baldwins Accountancy Group has continued investment in the north-east and appointed David Fish as a director in its corporate finance team
UK M&A activity bounced back strongly in July and August, according to analysis by the deals practice at PwC.