Groupon IPO Set for November 4 on the NASDAQ – GRPN Stock Price Expected to Rise

While the opening price for the Groupon Initial Public Offering (IPO) will not be announced until November 3rd, the current market opinion is that the stock price for the internet coupon deal site will rise in the days that follow the IPO.

Chicago based Groupon is the largest online coupon site, and earlier in the year was seeking about $25 Billion in a valuation for an IPO. The market did not react well to that value. This time around, the company is looking for a valuation of $11.4 billion for the offering.

As part of the IPO, Groupon is looking to sell 30 million shares, under the symbol GRPN, with an initial price of about $16 and $18. At this target price, the offering is expected to help the company raise about $540 million.

Some analysts, including Paul Kedrosky author of the Infectious Greed blog and a Bloomberg contributing editor, anticipate that the Groupon stock price will rise as much as 50% within a week after the IPO. (Source: Bloomberg)

According to reports, the offering will be managed jointly by Morgan Stanley, along with Goldman Sachs, and Credit Suisse.