SHARE


Groupon, the giant daily deals company is planning on pricing its IPO and officially becoming a public company Friday, listing on Nasdaq under the ticker symbol GRPN. Groupons aims to raise $540 million at a valuation of $11.4 billion.

Demand for the stock is expected to be strong, but Groupon has been tarnished by questions surrounding unorthodox accounting measures, revisions of sales figures and scaled-back expectations of how much money Groupon will raise.

Late last month, Groupon dialed back how much it hopes to raise in its IPO by 28% to $540 million. The company is putting 30 million shares up for sale, hoping they’ll receive between $16 and $18 apiece. It had originally filed to raise $750 million.

SHARE
Thinking about starting or growing your own business?  Our business and productivity books address the diverse challenges at all stages of business. Preview all our books on Amazon.


Thomas Oppong is the founder @Alltopstartups.