Email
Password
Remember meForgot password?
    Log in with Twitter

article imageCoupons.com sizzles on Wall Street debut

By AFP     Mar 7, 2014 in Technology

The stock market debut of Coupons.com brought out bargain-seekers on Friday, shooting the online discount firm up a stunning 87 percent.

The digital coupon firm, which raised $168 million in its public offering, had doubled at one point in trading but still ended with a remarkable opening-day gain, closing at $30 after its offering price of $16 a share.

The gains on the New York Stock Exchange debut give the California group a market value of $2 billion.

Coupons.com was founded in 1998 as a way to help shoppers find online deals with discount codes which are typed in as consumers complete a transaction.

The company says it had 1.3 billion transactions last year and revenues of $168 million. But its net loss for the year was $11 million.

More about US, IT, Internet, Ipo, Consumer
More news from
Latest News
Top News