Groupon went IPO and raised over $ 700 million
On November 4, there was an initial public offering of shares of the world's largest discount service Groupon on the New York NASDAQ.
The initial price for placing Groupon shares, which were traded under the GRPN ticker, was $ 20 per share, but in the first minutes after the start of trading, it rose by 40% to $ 28. During the IPO, Groupon raised $ 700 million.
Bidding ended at $ 26.11 per share, which is 31% higher than the original cost. The total capitalization of the company, based on this price, rose from $ 12.7 billion before the IPO to $ 16.6 billion. This makes Groupon more expensive than Adobe Systems and almost equal in price to Yahoo, according to Wall Street Journal.
It should be noted that Groupon, as previously LinkedIn social network, placed only a small number of its shares during the IPO - 35 million or about 5.5% of their total amount in the amount of 637.3 million.
Net loss in 2010 Groupon amounted to $ 390 million, for the first 9 months of 2011. - 214 million dollars.
In August 2010 Groupon Inc. entered the Russian and Japanese markets: the company acquired the Russian equivalent of Groupon - the company Darberry, as well as the Japanese Qpod. On the conditions of transactions were not reported. In December 2010 the service rejected a purchase offer (for $ 6 billion), sent by the Internet giant Google.
The initial price for placing Groupon shares, which were traded under the GRPN ticker, was $ 20 per share, but in the first minutes after the start of trading, it rose by 40% to $ 28. During the IPO, Groupon raised $ 700 million.
Bidding ended at $ 26.11 per share, which is 31% higher than the original cost. The total capitalization of the company, based on this price, rose from $ 12.7 billion before the IPO to $ 16.6 billion. This makes Groupon more expensive than Adobe Systems and almost equal in price to Yahoo, according to Wall Street Journal.
It should be noted that Groupon, as previously LinkedIn social network, placed only a small number of its shares during the IPO - 35 million or about 5.5% of their total amount in the amount of 637.3 million.
Net loss in 2010 Groupon amounted to $ 390 million, for the first 9 months of 2011. - 214 million dollars.
In August 2010 Groupon Inc. entered the Russian and Japanese markets: the company acquired the Russian equivalent of Groupon - the company Darberry, as well as the Japanese Qpod. On the conditions of transactions were not reported. In December 2010 the service rejected a purchase offer (for $ 6 billion), sent by the Internet giant Google.
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Source: https://habr.com/ru/post/131955/
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