
Groupon Inc. on Friday raised 700 million U.S. dollars in its initial public offering (IPO) on the Nasdaq stock market. Groupon raised its issuing price to 20 dollars per share from a previous range of 16 to 18 dollars per share, and issued 35 million shares to raise a total of 700 million dollars. The IPO moved its market capitalization to nearly 13 billion dollars. The 700 million dollar IPO was the second largest by an internet company, just behind Google's 1.7 billion dollar IPO in 2004. The online "daily dealer," which offers internet coupons for almost everything, was founded just three years ago. The company's IPO was one of the most closely watched this year.
GMT 17:56 2018 Wednesday ,17 January
Ericsson to write down 1.4 billion euros in fourth quarterGMT 19:16 2018 Saturday ,13 January
China shuts Marriott website over Tibet error, scolds other firmsGMT 17:31 2018 Thursday ,11 January
UK group bids for Europe's biggest aluminium smelterGMT 17:24 2018 Thursday ,11 January
UK supermarket Sainsbury's lifts outlook after bumper ChristmasGMT 17:52 2018 Tuesday ,09 January
H&M removes 'black boy' ad after racism accusationGMT 19:38 2018 Wednesday ,03 January
Petrobras pay $2.95bn to settle US class action on corruptionGMT 13:49 2018 Wednesday ,03 January
China’s Ant Financial drops $1.2 billion MoneyGram deal as US approval failsGMT 17:47 2017 Sunday ,31 December
BA owner to buy bankrupt Austrian airline Niki
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor