Saturday September 26, 2020

Groupon shares rise 55% as IPO raises $700m

UPDATE: Groupon raised $700 million (€508 million) in its initial public offering valuing the biggest online-coupon provider at about $12.7 billion.

4th November, 2011
{ }

Groupon Inc. rose as much as 55 per cent in Nasdaq trading after raising $700 million in its initial public offering.

The shares of the Chicago-based company, listed under the symbol GRPN, climbed as high as $30.90 in early Nasdaq trading. Yesterday, Groupon sold 35 million shares at $20 each, the biggest IPO by a US Internet company since Google Inc. raised $1.9 billion in its 2004 initial offering, according to Bloomberg.

.

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

2 Yearly

€315

€248

Unlimited Access for 2 Years

This product does not auto-renew

Team Pass

Get a Business Account for you and your team

Share this post

Related Stories

The best writing and and the biggest stories of 2019 from the Business Post

Richie Oakley | 8 months ago

Denis O’Brien is back in court, residents continue to fight the Council on halting site and a row surfaces in government over rent control proposals

Leanna Byrne | 4 years ago