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Groupon prices IPO at $13B valuation with travel swagger in the mix

11/08/2011| 10:17:33 AM| 中文

Groupon priced its shares for its IPO debut today at a higher-than-expected $20 per share and at least one analyst urged investors to jump in based in part on the company’s evolving travel business.

Groupon priced its shares for its IPO debut today at a higher-than-expected $20 per share and at least one analyst urged investors to jump in based in part on the company’s evolving travel business.

Benchmark’s Fred Moran penned a research note urging investors to plunk their money down despite all the criticism that Groupon’s business model may be unsustainable.

And part of Moran’s bullishness about Groupon is based on an expected deeper foothold in the travel industry.

Read full story at: http://www.tnooz.com/2011/11/04/news/groupon-prices-ipo-at-13b-valuation-with-travel-swagger-in-the-mix/

 

TAGS: Groupon | IPO
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