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An initial offering has been set for the third quarter, the company said.
The online payment provider PayPal, which is on the brink of an initial offering, has been cautioned that its service may violate banking regulations in several states, including New York, the company said yesterday in a filing with the Securities and Exchange Commission.
Groupon.com spends $26 in marketing for every new customer, who then spends roughly $30 with the site; the company's high-profile initial offering has been shelved for now.
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Mr. Marvis said the response to the initial offering had been tepid.
Moss wanted to "make sure every piece is really special" and the basics, such as cotton vests, which were part of the initial offering, have been jettisoned, and fabrics have been upgraded across the board.
For much of the year, the market for initial offerings has been soft.
While the market for initial offerings has been rocky this year, so-called secondary buyouts have been popular among private equity firms.
Initial offerings have been postponed many times before, of course.
Already, dozens of initial offerings have been canceled or postponed, including one for the AltaVista Internet portal.
Facebook's initial public offering has been looming over the tech landscape for what feels like forever.
The run-up to the Internet coupon company's initial public offering has been characterized by a series of promises from executives that went unfulfilled.
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