Deal Website Groupon To Go Public
STEVE INSKEEP, host: NPR's business news starts with a Groupon IPO.
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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.
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