Groupon could raise float price
ONLINE vouchers firm Groupon could price shares in its initial public offering $1 or $2 above the current range of $16 to $18 per share, according to two investors who said they spoke with the lead underwriters yesterday.
Groupon is on file with the Securities and Exchange Commission to sell 30m shares in the IPO, equivalent to a 4.7 per cent stake. The books were due to close last night, with trading on the Nasdaq to begin on Friday.
If the IPO prices at $19 per share, that would value Groupon at $12.02bn (£7.5bn).