Friday, 4 November 2011

Groupon's IPO values the company at $12.65bn

"Groupon raised $700m in its highly anticipated initial public offering on Thursday night, overcoming a host of investor concerns to break through in a difficult market for US IPOs.
The pricing at $20 a share valued the group at $12.65bn. The valuation was above its range of $10bn-$11bn, but below the valuation it had been seeking earlier this year of closer to $20bn."

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