Groupon has reportedly set the final price for its impending an initial public offering on Friday. The Chicago-based daily deals website is set to trade on the Nasdaq on Friday at a price of $20 per share, AllThingsD’s Kara Swisher reports.
The rumored share price will give Groupon an overall market capitalization of $12.6 billion, well above the projections some Wall Street analysts have made of the company’s value. It also handily surpasses the company’s earlier stated plan to IPO at between $16 to 18 per share.
But of course, the beauty of the stock market is that ultimately the larger investing public decides how much a company is worth — regardless of what the experts say. Tomorrow could be a very interesting day for people in both the tech and financial spheres.
We’ll update this post with more information as it comes in.
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