Coupons.com nearly doubles in 1st trading day

Print
Email
|

Associated Press

Posted on March 7, 2014 at 9:00 AM

Updated Friday, Mar 7 at 1:00 PM

NEW YORK (AP) — Shares of Coupons.com are close to doubling in their first day of trading on the New York Stock Exchange.

The stock gained $14.40, or 90 percent, to $30.40 in morning trading.

Coupons.com Inc. delivers digital coupons and coupon codes to consumers. It priced its initial public offering of 10.5 million shares at $16 per share. The company had initially expected to offer 10 million shares and expected them to be priced between $12 and $14 per share.

The Mountain View, Calif., company raised $168 million from the IPO.

Coupons.com had 2013 revenue of $167.9 million, up from $112.1 million in the prior year.

The stock is trading under the "COUP" ticker symbol.

Print
Email
|