Groupon Gives Thanks for Its Big Debut
Groupon shares climb to $28 after open
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Daily deals site Groupon seems to be full of gratitude today—and for good reason.
After makings its public debut on the Nasdaq at $20 a share this morning, the company’s stock climbed more than 40 percent to about $28 by early afternoon.
The IPO pop makes a billionaire out of CEO and co-founder Andrew Mason, whose shares are now worth about $1.3 billion. And it values the company at almost $18 billion, about three times the amount offered by Google last year and far above the $12.7