If you have been following this saga for any time you may have wondered if the day that Groupon goes public would ever come. Well, unless something goes terribly awry, today is the day and there is plenty of interest in the IPO.
Kara Swisher of All Things Digital reports
Groupon has priced its public offering at $20 a share, several dollars above the expected price range of $16 to $18. That will garner $700 million for the start-up, which is only several years old, at a valuation of close to $13 billion.
The offering for the Chicago-based daily deals site — which has had a controversial IPO process — was well upward of 10 times oversubscribed, meaning there was a lot more demand than supply of its stock.