Groupon’s highly anticipated initial public offering has been priced at $20 a share.
That leaves the Chicago company, which offers daily localized deals, valued at about $12.7 billion. The price is higher than the expected range of $16 to $18 a share.
Groupon sold 35 million shares in the offering. The stock will begin trading Friday on the Nasdaq Stock Market under the ticker symbol "GRPN."
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-- Tiffany Hsu
Photo: AP Photo / Charles Rex Arbogast
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