1. Groupon IPO Exceeds Expectations
... 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 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 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, Ma...
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