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Groupon mulls raising its IPO price range - ABRITION

Groupon mulls raising its IPO price range

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This is the latest report that Groupon has finally considered that to raising its IPO price range and according to the report of Reuters as underwriters grow more confident about demand after completing the East Coast leg of a two-week roadshow to woo investors.

By Groupon one of the most offering public of the year and they had previously filed with regulators to sell 30 million shares at $16 to $18 apiece, scaling back its aspirations amid weak market conditions and uncertainties over its long-term business outlook.

The company is now considering raising the price range and could file an amended IPO prospectus early next week, said a source familiar with the situation. Groupon declined to comment and no other details were immediately available.

Chief Executive Andrew Mason hosted a luncheon on Friday at the St. Regis hotel in Manhattan — the biggest event on the roadshow, seen as crucial in helping Groupon’s bankers decide how to price the shares.

So, according to me after reviewing this story about Groupon,Inc raising its IPO price range this is really a good play from Groupon for marketing hope it will help them to increases there revenue.

[Via Groupon]

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