Groupon prices IPO 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."
-- Tiffany Hsu
Photo: AP Photo / Charles Rex Arbogast