Daily deals pioneer Groupon raised about $700 million with an initial public offering of stock priced well above expectations. The IPO was set late Thursday at $20 per share, above the anticipated range of $16 to $18. The higher price indicated investors are eager to snap up the Chicago-based company's shares. Groupon Inc. is expected to make its trading debut Friday on the Nasdaq Stock Market under the ticker symbol "GRPN." That will give a better indication of general sentiment for the company's stock, since it will be the first time that a broader audience will be able to buy it.
Source : mail.com
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