Bankers Confident IPO Could Bring Up to $11.4 Billion Valuation for Deals Site….According to the Wall St Journal don't expect discounts on shares of daily-deals site Groupon Inc.
Wall Street bankers are confident they have enough demand to sell the Chicago Internet company's initial public offering at its proposed price range of $16 to 18 a share, say people familiar with the IPO. The people added that the shares may be able to fetch a higher price, though they cautioned that no decision on pricing had been finalized.
The bankers' assessment of demand follows a week of "road show" meetings with investors, including a packed gathering of a few hundred attendees at the St. Regis hotel in Manhattan.
Go figure… If you've checked out the sh#! Groupon offers on your email lately, you're probably as puzzled as we are.
Read more at http://online.wsj.com/article/SB10001424052970204505304577004240932059400.html?mod=WSJ_business_whatsNews
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