Groupon Boosts Share Price, Becomes Biggest Tech IPO Since Google | Adweek Groupon Boosts Share Price, Becomes Biggest Tech IPO Since Google | Adweek
Advertisement

Groupon Boosts Share Price

Becomes Biggest Tech IPO Since Google
Advertisement

Groupon, which begins trading on the Nasdaq this morning, has boosted its valuation to nearly $13 million, making it the biggest tech IPO since Google went public.

Last night, Groupon increased its share prices from between $16 and $18 a share to $20 a share, and added 5 million shares to its offering (for a total of 35 million). This means that the company will now raise about $700 million—putting it right behind Google, which raised $1.4 in 2004.

Despite the 5 million added shares, the fraction of Groupon stock being offered will stay at about the original 5 percent, ensuring that demand stays high, which some analysts have said is the only thing keeping investors interested—at least for the next few weeks.