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Nov 7, 2011

Groupon travels ‘tortured’ road to Nasdaq

Nov 4 (Reuters) – When Groupon Inc filed its plan
to go public with U.S. regulators in June, Chief Executive
Andrew Mason proclaimed in a letter to prospective shareholders
that “life is too short to be a boring company.”

In the months that followed, the daily deals website, which
offers discount coupons for local shops and services, was
anything but boring as a series of blunders threatened its
initial public offering.

Nov 5, 2011

Groupon shares surge but concerns linger

NEW YORK/SAN FRANCISCO, Nov 4 (Reuters) – Shares of Groupon
Inc surged as much as 56 percent on Friday, a solid
debut aided by a small number of shares sold, yet still fell
short of the first-day performances of recent Internet IPOs.

Groupon’s stock closed up 31 percent but the first day pop
paled in comparison to LinkedIn , the professional
social network that went public in May, whose shares doubled in
their debut. Real estate website Zillow also nearly
doubled in its debut in July.

Nov 4, 2011

IPO view: Groupon travels “tortured” road to Nasdaq

By Alistair Barr and Clare Baldwin

(Reuters) – When Groupon Inc filed its plan to go public with U.S. regulators in June, Chief Executive Andrew Mason proclaimed in a letter to prospective shareholders that “life is too short to be a boring company.”

In the months that followed, the daily deals website, which offers discount coupons for local shops and services, was anything but boring as a series of blunders threatened its initial public offering.

Nov 4, 2011

Groupon’s IPO biggest by U.S. Web company since Google

By Alistair Barr and Clare Baldwin

(Reuters) – Groupon Inc raised $700 million after increasing the size of its initial public offering, becoming the largest IPO by a U.S. Internet company since Google Inc raised $1.7 billion in 2004.

The global leader in “daily deals” is now valued at almost $13 billion after saying it increased the offering by 5 million shares to 35 million in total and pricing them at $20 each, above an initial range of $16 to $18.

Nov 4, 2011

Groupon shares surge nearly 56 pct in debut

4 (Reuters) – Shares of daily
deals site Groupon Inc rose more than 50 percent in
their stock market debut on Friday, but at least some of the
early trading exuberance may have come from the small amount of
shares offered.

The shares rose as high as $31.14, or 55.7 percent above
the IPO price in early trading on the Nasdaq, at one point
pushing the market value of the company up to $19.9 billion.
The shares later eased back to $28.36.

Nov 4, 2011

Groupon raises $700 million in biggest Internet IPO since Google

By Alistair Barr and Clare Baldwin

(Reuters) – Groupon Inc raised $700 million after increasing the size of its initial public offering, becoming the largest IPO by an Internet company since Google Inc raised $1.7 billion in 2004.

The global leader in “daily deals” is now valued at almost $13 billion after saying it increased the offering by 5 million shares to 35 million in total and pricing them at $20 each, above an initial range of $16 to $18.

Nov 4, 2011

Groupon raising $700 mln in closely watched IPO

Nov 3 (Reuters) – Groupon Inc is set to raise at
least $700 million in its initial public offering after the
largest daily deals company increased the price and size of the
deal on strong demand.

Groupon priced the IPO at $20 per share, above the initial
range of $16 to $18, two people familiar with the offering said
on Thursday.

Nov 3, 2011

Groupon set to price closely watched IPO

Nov 3 (Reuters) – Groupon Inc is set to price one of the
year’s most closely watched initial public offerings late
Thursday, to strong demand for the scaled-back stock market
debut of the largest daily deal company.

Chief Executive Andrew Mason and his executive team have
spent almost two weeks on the road pitching to investors and
addressing criticism about a replicable business model, slowing
growth and accounting concerns.

Nov 3, 2011

Exclusive: Groupon IPO may price above range

By Alistair Barr and Clare Baldwin

(Reuters) – Groupon Inc is poised to price its IPO $1 to $2 above its current range, responding to stronger than anticipated demand for the biggest U.S. initial public offering in months, three buyside sources said.

Groupon Chief Executive Officer Andrew Mason and his executive team have spent the past week-and-a-half on the road, pitching to investors and addressing criticism about an easily replicable business model, slowing growth and other concerns.

Nov 2, 2011

Exclusive: Groupon IPO may be $1-$2 above range

By Alistair Barr and Clare Baldwin

(Reuters) – Groupon Inc could price its initial public offering above the current range of $16 to $18 a share, according to three investors who said they spoke with lead underwriters on Wednesday, after demand was stronger than expected for the market’s biggest IPO in months.

Books closed on Wednesday afternoon. The IPO is scheduled to price late Thursday and the 30 million shares are due to begin trading Friday on Nasdaq under the ticker GRPN.

    • About Clare

      "I am based in New York and write about IPOs and wealth management. I was formerly based in San Francisco, where I wrote about tech companies."
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