Reduced Groupon IPO to Price Nov. 3, Trade the Next Day
Groupon is expected to price its IPO on Nov. 3 and trade the next day, a source says. The Chicago-based daily deals could raise as much as $540 million, according to its latest SEC filing. Groupon said it planned to sell 30 million shares at $16 to $18 each via joint bookrunners Morgan Stanley, Goldman Sachs and Credit Suisse. The eleven other underwriters on the deal include Allen & Co., BofA Merrill Lynch and Barclays Capital. The underwriters have the option to buy an additional 4.5 million class A shares, the Oct. 21 SEC filing said.
21 October 2011•2 mins read
