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Money & Company

Groupon prices IPO at $20 a share

By Tiffany Hsu
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Groupon’s highly anticipated initial public offering has been priced at $20 a share.

That leaves the Chicago company, which offers daily localized deals, valued at about $12.7 billion. The price is higher than the expected range of $16 to $18 a share.

Groupon sold 35 million shares in the offering, raising $700 million. The size of the deal was increased from an expected 30 million shares.

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The stock will begin trading Friday on the Nasdaq Stock Market under the ticker symbol ‘GRPN.’

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-- Tiffany Hsu

Money & Company
Tiffany Hsu

Tiffany Hsu is a former staff writer for the Los Angeles Times. Previously, she wrote about the California economy, fast food, restaurants, retail and alternative energy for the Business section. A Bay Area native, UC Berkeley graduate and eternal Nor-Cal fan, she once worked for the San Francisco Bay Guardian. She also did a stint at the Richmond Times-Dispatch, where she developed a passion for sweet tea. She still has faith that someday she’ll find two economists who agree.

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