Groupon raises USD 700 million in IPO

News Broadband Global 4 NOV 2011
Groupon raises USD 700 million in IPO
Groupon has priced its IPO above the initial range, raising USD 700 million for the daily deals company. The group is selling 35 million shares at USD 20 per share, ahead of the previously indicated range of USD 16-18 each. The underwriters have an option to sell another 5.25 million shares if demand warrants, which could raise the company another USD 105 million. Groupon's shares are expected to begin trading on the Nasdaq market on 4 November.

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Internet

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Groupon

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Global

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Advertising services, Financial funding

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