1. Groupon IPO Exceeds Expectations
... select investors. Although many industry analysts thought the shares would go for anywhere between $16 and $18 a share, the first IPOs were sold for $20, surprisingly greater amount. 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 ... the company also sold its 4.5 million in over-allotment shares. However, Mason did not disclose what he intended to do with the extra money and has vowed not to discuss any financials for the next 12 months (Ortutay). Initially, it was questionable whether th...
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