After pricing at $20, new shares of Groupon (NASDAQ:GRPN) immediately hit $28 on the open. But by the end of the day, the stock leveled out at $26.05. The valuation? A cool $17.6 billion.
According to Dun & Bradstreet�s (NYSE:DNB) Tech IPO Specialist Lee Simmons, �The company�s debut is no small achievement when you consider that it has endured intense investor and regulatory scrutiny, was lambasted for spurning a $6 billion offer from Google (NASDAQ:GOOG) and was roasted by analysts across the board as being overvalued. Some of those concerns may yet persist, but Andrew Mason & Company are no doubt savoring their public market foray as a significant victory. A larger question remains, however: When will Groupon be profitable?�
Simmons also put together the chart below (using some data from D&B as well as CapitalIQ). It shows the top Internet IPOs (in terms of capital raised), and Groupon is one for the history books:
Tom Taulli runs the InvestorPlace blog IPO Playbook, a site dedicated to the hottest news and rumors about initial public offerings. He is also the author of �All About Short Selling� and �All About Commodities.� Follow him on Twitter at @ttaulli. As of this writing, he did not own a position in any of the aforementioned stocks.
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