IPO

Groupon priced its IPO at $20 a share, above its expected range of $16 to $18, in a heavily oversubscribed offering that led the daily-deals site to sell an additional 5 million shares, according to reports.

The increase in offering price, which had been expected, brings Groupon's valuation to $12.7 billion. Shares of the Chicago-based company stock were oversubscribed by a factor of 10, AllThingsD reported.

Groupon upped the number of shares it will offer tomorrow to a total of 35 million. That still represents only 5.4 percent of its 637.3 million shares outstanding.

Demand for … Read more

Angie's List, a consumer review site where people rate everything from doctors to tree services, disclosed today in a filing with the U.S. Securities and Exchange Commission that it will seek to raise $114.3 million in an initial public offering.

The company, based in Indianapolis, plans to offer 8.8 million shares for $11 to $13 apiece. It's aiming to go public before Thanksgiving and will list on the Nasdaq under the symbol ANGI.

Angie's List was launched in 1995 by Angie Hicks. Its focus was on home services, but the service has expanded into … Read more

Daily deals giant Groupon is on track to set its IPO pricing tomorrow and release shares to the public on Friday, according to news reports and analysts.

Groupon has filed with regulators to sell 30 million shares at $16 to $18 per share. The Chicago-based company is seeking to raise $540 million and a valuation of $11.4 billion. It's still unclear whether Groupon's underwriters will raise its offering price, AllThingsD is reporting.

Groupon declined CNET's request for comment on the IPO timing.

Earlier this year Groupon was valued at $20 billion and on track to move … Read more

Once Groupon goes public on Friday, its founding trio won't be giving up their sway over the daily deals giant they started in October 2008, thanks to a dual-class share structure that's rigged in their favor.

According to an amended SEC filing posted today, Groupon's three founders--CEO Andrew Mason, Executive Chairman Eric Lefkofsky, and Director Bradley Keywell--will control 58.1 percent of the voting shares of outstanding capital stock. Specifically, the founders will own 34.1 percent of Class A common stock--each share of which gets one vote--and 100 percent of supervoting Class B shares, which each … Read more

As Groupon wrapped up the first leg of its no-frills roadshow in New York City on Friday, the daily deals giant was said to be considering raising its IPO price.

The Chicago-based company may file an amended S-1 document early next week, ahead of its anticipated IPO pricing date on November 3, Reuters and Bloomberg are reporting.

Groupon has filed with regulators to sell 30 million shares at $16 to $18 per share. And in that range, Groupon could raise $621 million and be valued at up to $11.4 billion, bankers said.

Earlier this year Groupon was valued at $… Read more

Daily-deals provider Groupon could raise as much as $540 million when it goes public, the company revealed today in a filing with the Securities and Exchange Commission.

According to the filing, Groupon plans to offer 30 million shares of Class A common stock for between $16 and $18 apiece. If it goes public at $18, it could raise the $540 million. Also, if the company sells through its 30 million shares, it can opt to sell another 4.5 million shares to increase the amount it raises to a maximum of $621 million.

Groupon's new filing stands in stark contrast … Read more

Groupon is scaling back the size of its initial public offering as a result of market volatility and company miscues, according to published reports.

The daily deals provider is expected to offer less than 10 percent of the company at a valuation of $12.5 billion, people familiar with the deal told the Wall Street Journal and the New York Times. Both papers reported that the deal itself, which is expected close in the next couple of weeks, is expected to be $500 million to $700 million.

A more limited offering may have some upside for Groupon. By offering a … Read more

The pioneering daily deal site Groupon is set to begin its IPO road show next week, according to a report by AllThingsD, citing multiple sources close to the situation.

Chicago-based Groupon filed to go public in June, but the process has been delayed because of several issues, including controversial accounting, which has led the company to amend its S-1 filing several times.

Groupon has been a deal powerhouse whose success has led to the creation of hundreds of similar startups. But its costs are high compared to the revenue it brings in. In the last quarter, Groupon lost $102.7 … Read more

Daily-deals provider Groupon was supposed to be the star of this year's IPOs. But over the last several months, the chances of Groupon becoming a disappointment to investors have skyrocketed.

When Groupon filed its IPO papers in June, the excitement surrounding its decision was palpable. According to its filing, Groupon was planning to raise $750 million on its IPO, making it one of the largest public offerings this year. And although Groupon didn't comment on valuation, reports surfaced following its IPO filing, saying it could be valued at between $20 billion and $25 billion when it went public.… Read more