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Groupon raises $700M with IPO at $20 per share

SAN FRANCISCO — Daily deals pioneer Groupon raised about $700 million with an initial public offering of stock priced well above expectations. The IPO was set late Thursday at $20 per share, above the anticipated range of $16 to $18. The higher price indicated investors are eager to snap up the Chicago-based company's shares. Groupon Inc. is ...

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