1. Groupon IPO Exceeds Expectations
After a long holdout, Groupon, the company that sends out daily emails to subscribers with discount deals for companies in their area, finally sold its initial public offering to select investors. Although many industry analysts thought the shares would ... Groupon was valued at $13.3 billion by the IPO and raised $700 million. Groupon initially announced in its first filings with the SEC that it hoped to raise $479 million by selling stock at $17 per share with a maximum of $552 million if the company also sold its 4.5 million in over-allotment shares. However, Mason did ... not disclose wh...
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