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According to regulatory documents filed Friday, the Chicago-based startup is prepared to sell 30 million shares -- a little less than 5% of the company -- for between $16 and $18 each, placing the company at a valuation range of $10.1 billion to $11.4 billion, reports Reuters.
It will arrive on the NASDAQ exchange under the ticker “GRPN" in early November (The Wall Street Journal says Nov. 4).
Groupon has faced some challenges over the last year, such as losing two COOs, a class-action lawsuit from sales team employees and scrutiny over its accounting practices and long-term growth prospects. It turned down a $6 billion acquisition offer from Google in June.