Friday, November 4, 2011

Groupon Opens Up 40%

Daily deals site Groupon opened at $28 a share on the Nasdaq, up 40% from its initial public offering price of $20. Though the company's valuation of roughly $12.7 billion is below the $15 billion to $20 billion that it originally projected, the deal is still considered a success for Groupon and its bankers.


http://online.wsj.com/article/SB10001424052970203716204577017773545604142.html?mod=djemalertMARKET

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