NEW YORK (TheStreet) -- Groupon(GRPN) opened at $28 a share on the Nasdaq on Friday, soaring 40% from its initial offer price.
On Thursday night, Groupon priced shares of the offering at $20, above the range of $16 to $18 it had initially sought. The company netted $700 million in the stock sale, valuing the daily deals site at close to $13 billion.
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