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Technology Stocks : Groupon, Inc.

GRPN 18.87

+5.2%

Nov 10 3:59 PM EST

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To: Brasco One who wrote (176)	11/3/2011 7:40:18 PM
From: Glenn Petersen	1 Recommendation Read Replies (1) of 480

GRPN priced at $20: Exclusive: Groupon Prices at $20 a Share; More Than 10x Oversubscribed, So It Adds 5M More Shares Kara Swisher All Things D November 3, 2011 at 3:51 pm PT 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 upwards of 10 times oversubscribed, meaning there was a lot more demand than supply of its stock. To alleviate the difference, Groupon added five million more shares to its offering, totaling 35 million shares sold. Groupon has endured an unusual amount of criticism over a variety of issues — including accounting treatments, executive turmoil and growth prospects. But investors did not seem to mind all the noise and clamored to get into a possibly lucrative IPO. The relatively small float of shares and that intense interest allowed Groupon to cherry pick its investors. Executives from Groupon, including its CEO Andrew Mason (who seemed to have gotten a nice haircut and suit for occasion), have been hawking the company — which sells an assortment of discounted services from a variety of local merchants — to investors all over the country over the last several weeks. The company is set to go public tomorrow under the GRPN ticker on the NASDAQ. allthingsd.com

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