Groupon postponing IPO over market chaos?

Daily-deals provider Groupon has decided to postpone its initial public offering, The Wall Street Journal is reporting, citing anonymous sources.

The Journal's sources claim that Groupon's management has decided against an IPO anytime soon due to the stock market's continued "volatility." Initially, the Journal's sources claim, Groupon was planning to price its shares during the middle of September and go public soon thereafter.
Groupon filed for its IPO with the U.S. Securities and Exchange Commission in June. The $750 million IPO could value the company at a reported $20 billion to $25 billion, depending on the number of shares it would eventually offer.
When Groupon announced plans to go public, the stock market appeared welcoming for companies hoping to score big with an IPO. In May, LinkedIn saw its shares soar 109 percent in its first day of trading. Later that month, Yandex shares were offered on the Nasdaq, and they closed the day at $37.75, up from their initial price of $25.
However, the market has been hit hard over the last few months. With the financial crisis in Europe continuing to worsen, and economic and political issues in the United States prompting the Standard & Poors rating agency to downgrade the U.S. debt rating from AAA to AA+, the markets swung wildly. Such volatility, which continues to linger, is fine for savvy investors, but companies looking to go public are finding a difficult environment in which to initially offer their shares.