SEC Is Said to Study Groupon’s Operating-Income Accounting
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Groupon Inc.’s operating-income accounting is being studied by the U.S. Securities and Exchange Commission, part of a routine review of the coupon site’s initial public offering, a person familiar with the matter said.
The SEC is looking at Groupon’s adjusted consolidated segment operating income, or adjusted CSOI, one of the main criteria the company uses to measure its business, according to the person, who asked not to be identified because the review hasn’t been made public. There is no sign that the scrutiny will delay the IPO, the person said.