Groupon to ax unusual accounting in amended IPO filing
According to numerous sources close to the situation and after regulatory pressure, Groupon will amend its S-1 public-offering filing to remove references to an unusual accounting treatment that has attracted controversy.
Sources said the new filing by the social-buying company, which is helmed by CEO and co-founder Andrew Mason, will likely occur as early as Monday. It can't come a minute too soon regarding a metric called ACSOI, or adjusted consolidated segment operating income, which the Chicago-based Groupon used when it filed its S-1 documents in June.
As I wrote at the time about the odd use of ACSOI: … Read more