Groupon has appointed JP Morgan as the fourth lead underwriter for its planned initial public offering (IPO), The Wall Street Journal reports. The company, now valued at more than $9.8 billion, has also listed a group of other underwriters, including Bank of America Merrill Lynch, Barclays Capital and Citi.
The Chicago-based company registered in June to raise $750 million in an IPO, adds Bloomberg. Other three lead underwriters of the company’s original offering are Morgan Stanley, Credit Suisse and Goldman Sachs.
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