WSJ.com GroupOn.com To Go Public Tomorrow at $20 Per Share
According to the Wall Street Journal, Groupon.com is going public tomorrow on the Nasdaq and is expected to be priced at $20 a share.
At $20 a share the company will carry a valuation of Groupon at nearly $13 billion.
The company plans on trading under the symbol; GRPN
Groupon is offering up to 34.5 million shares in its IPO, representing just 5.4% of the entire company’s 637.3 million shares outstanding.
Cnet.com is reporting that the IPO is oversubscribed at the $20 per share figure which is why it was raised from the earlier range of $16-$18
The company turned down a buyout by Google late last year at a rumored price of $6 Billion