1. Groupon IPO Exceeds Expectations
... 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, 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 the laid-back founder and chief executive, Andrew M...
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