Money & Company

Tracking the market and economic trends
that shape your finances.

« Previous Post | Money & Company Home | Next Post »

Groupon prices IPO at $20 a share

November 3, 2011 |  4:47 pm

Groupon
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.

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

RELATED:

Groupon stumps for and tries to protect its IPO

Groupon said to close IPO orders early on demand for shares

-- Tiffany Hsu

Photo: AP Photo / Charles Rex Arbogast

Comments 

Advertisement










Video