Groupon Prices Their Shares At $20 Per Share, Putting Them At A Valuation Of $13 Billion

As Groupon is preparing to file for an initial public offering, the company priced their shares at $20 per share, which is several dollars above the expected price range of $16 to $18. Groupon is expected to raise about $700 million from the I.P.O., which will put them at a valuation of close to $13 billion.

Groupon’s price per share is upward of 10 times oversubscribed, which means that there was a lot of demand for their stock. Groupon has added five million more shares to their offering which totals 35 million shares sold.

Even though Groupon has faced a lot of criticism over issues such as accounting practices, that did not seem to both investors. Groupon is expected to go public today under the GRPN ticker on the NASDAQ.


This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at
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