Chicago-based Groupon Inc. has priced its much-awaited initial public offering at $20 per share, according to a regulatory filing made late Thursday, the Chicago Tribune reports. That price is higher than Groupon's expected price range of $16 to $18 a share. The company also increased the number of shares in the offering by 5 million shares to 35 million, representing 5.5% of the company, and raising $700 million. At the reported new price, the value of the entire company would be $12.76 billion.
Read the full story in the Chicago Tribune.
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