Deal Website Groupon To Go Public

One of the most eagerly anticipated share offerings of the year is set for Friday. The internet daily deal site Groupon plans to sell some shares in an initial public offering. The IPO is priced at $20 a share. Investors are watching to see if the market sends that price soaring, as it has with other dot-com IPOs.

Copyright © 2011 NPR. For personal, noncommercial use only. See Terms of Use. For other uses, prior permission required.

STEVE INSKEEP, host: NPR's business news starts with a Groupon IPO.

(SOUNDBITE OF MUSIC)

INSKEEP: Groupon is the Internet service that offers deals to restaurants and stores around the country. Now they're trying to get the highest possible price for themselves. It's an initial public offering of shares for Groupon, priced at $20 per share. Investors are watching to see if the market sends that price soaring, as it has with other dot-com IPOs.

In recent months, Groupon has faced serious questions about its management accounting and the value of the company. Based on today's IPO price, though, the three-year-old company is now valued at nearly $13 billion.

Copyright © 2011 NPR. All rights reserved. No quotes from the materials contained herein may be used in any media without attribution to NPR. This transcript is provided for personal, noncommercial use only, pursuant to our Terms of Use. Any other use requires NPR's prior permission. Visit our permissions page for further information.

NPR transcripts are created on a rush deadline by a contractor for NPR, and accuracy and availability may vary. This text may not be in its final form and may be updated or revised in the future. Please be aware that the authoritative record of NPR's programming is the audio.

Comments

 

Please keep your community civil. All comments must follow the NPR.org Community rules and terms of use, and will be moderated prior to posting. NPR reserves the right to use the comments we receive, in whole or in part, and to use the commenter's name and location, in any medium. See also the Terms of Use, Privacy Policy and Community FAQ.

Support comes from: