By: Gigaom
November 03, 2011 at 19:23 PM EDT
Report: Groupon prices shares high at $20
According to new reports, Groupon will hold its IPO on Friday at a price of $20 per share. 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.

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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