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GROUPON'S SHARES fell 12 per cent yesterday after the online coupon provider's latest financial restatement.

JANA also opened a 21.9 million-share position in online coupon company Groupon.

Another company with an initial public offering that was a hedge fund favorite was online coupon company Groupon..

Independent News & Media (INM) is to close its online coupon business with the loss of 24 jobs.

And on Thursday, online coupon website Groupon Inc filed papers with regulators to press on with its highly anticipated initial public offering.

Mr Hobbs (53) is a shareholder and director of Treatdrop Limited, which is an online coupon creation and distribution business.

Microblogging site Twitter, online coupon site Groupon and similar privately held websites may try to sell shares to public investors this year, analysts said.

The online coupon giant's Chief Executive Andrew Mason had earlier lashed out at critics in an internal memo to employees, which became public in August.

An online coupon sent via email from Groupon is pictured on a laptop screen November 29, 2010 in Los Angeles.

An online coupon sent via email from Groupon is pictured on a laptop screen in Los Angeles, November 29, 2010.

Meanwhile, Groupon, the fast-growing but money-losing Chicago-based online coupon service is raising eyebrows over its creative accounting methods ahead of its $750 million IPO.

It is currently incubating online coupons and discounts startup CouponRani.

Shares of RetailMeNot Inc, which also sells online coupons, have risen about 70 percent since their debut in July.

Aug 22 (Reuters) - Online coupon company RetailMeNot Inc reported a higher quarterly revenue as more people shopped online.

Nov 3 (Reuters) - Online coupon company RetailMeNot Inc forecast current quarter revenue below analysts' average estimate and said its chief financial officer had resigned.