Friday, November 4, 2011

Groupon IPO Hits Market

Daily Deals site Groupon--and its many Silicon Valley investors--saw a huge run up in the IPO of the company Friday morning, with the stock trading as high as $30 in just a few hours, after pricing at $20.00 last night. Groupon, which is trading as GRPN, is backed by New Enterprise Associates, Accel Partners, Stanford University, DST, Battery Ventures, Andreessen Horowitz, Battery Ventures, Kleiner Perkins Caufield & Byers, among many others.