Friday, October 21, 2011

Groupon Sets IPO Pricing Range

Daily deals phenomenon Groupon said in a filing this morning that it will offer up 30M share of its common stock, at an anticipated range of between $16.00 and $18.00 per share, raising $621.0M for the daily deals site. Groupon is aiming at trading as GRPN on the NASDAQ Global Select Market. Major investors in the firm include Accel Partners and New Enterprise Associates. Groupon's IPO is being closely watched as an indicator of the IPO market, and the reception for new public offerings from Silicon Valley.