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Groupon (GRPN) to Sell 30M Common in IPO; Sees Initial Price of $16-$18/Share

October 21, 2011 6:13 AM EDT
Groupon (Nasdaq: GRPN) filed an amended registration with the U.S. Securities and Exchange Commission for an Initial Public Offering of its Common Stock. The company plans to sell 30 million shares and sees an price of $16 to 18 per share. Groupon plans to list on the Nasdaq Global Select Market under the ticker "GRPN."

The offering is being made through Morgan Stanley, Goldman Sachs, Credit Suisse, Allen & Co., BofA/Merrill Lynch, Barclays Capital, Citigroup, Deutsche Bank, J.P. Morgan, Wells Fargo, William Blair, Loop Capital Markets, RBC Capital, and The Williams Capital Group.

Groupon is a local e-commerce marketplace that connects merchants to consumers by offering goods and services at a discount.


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