Groupon Alters Accounting Method in IPO Filing, Reports Loss
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Groupon Inc., the biggest provider of online coupons, reported losses for the second quarter and the prior year after backing away from an accounting method scrutinized by U.S. regulators.
Groupon abandoned controversial figures for adjusted consolidated segment operating income, or adjusted CSOI, in an amended initial public offering filing today. The Securities and Exchange Commission was examining that accounting practice in a routine review of Groupon’s proposed $750 million IPO, a person familiar with the matter said on July 27.