Groupon Is Already Set To Open With A Monster Spike

Groupon’s stock is set to start trading at 10:40 eastern, and when it does, it’s going to have a monster pop.

Business news site Benzinga just tweeted, “The current bid-ask on $GRPN: b $50.06 a $50.84.” (It priced at $20 last night.)

After the offering, including the over-allotment option and stock options, Groupon will have about 700 million shares outstanding. So a $50 stock price would give the company a valuation of $35 billion. (Yes, that would be absurd).

Hold on to your hat folks! Below, you can see Andrew Mason at the NASDAQ getting ready.

Don’t Miss: Groupon Goes Public! Here’s What Investors Need To Know

Related: INSIDE GROUPON: The Truth About The World’s Most Controversial Company¬†

 

andrew mason

Photo: Emily Chang/Twitter

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