Groupon IPO Trading Begins today on NASDAQ – GRPN Stock Price Expected to Rise

Groupon IPO - GRPN

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

Yet another internet tech company makes a charge at the stock market today with an IPO. Online coupon giant Groupon will begin trading on the NASDAQ as trading opens this morning. Weeks ago analysts were looking at this IPO with expectations of the price rising higher than the opening IPO price within the first few weeks.

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.

Originally set at a target opening price of $16 to $18 per share, GRPN stock is expected now to open the day at $20. Groupon is hoping to sell 30 million shares, under the IPO to help the company raise about $540 million.

In earlier reports, 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)

About Ed Dixon

Ed Dixon - as an experienced writer and proven business leader, Mr. Dixon is the primary contributor for news related to Business and Finance. ed_dixon@newstaar.com