The IPO for Coupons.com (NYSE: COUP) is open for trading. Shares opened at $27.15 after pricing 10,500,000 shares of common stock at $16 per share, above the expected $12-$14 range. Coupons.com has granted the underwriters an option to purchase up to an additional 1,575,000 shares.
Goldman, Sachs & Co., Allen & Company LLC, BofA Merrill Lynch, and RBC Capital Markets, LLC are acting as bookrunners.
Coupons.com Incorporated operates a leading digital promotion platform that connects great brands and retailers with consumers, offering digital Review, digital paperless coupons, coupon codes and other promotions. Founded in 1998, the company is based in Mountain View, CA.
In 2012, Coupons.com generated revenues of $112.1 million, representing 23% growth over 2011, a net loss of $59.2 million, representing an increase of 158% over 2011, and an Adjusted EBITDA loss of $47.3 million, representing an increase of 233% over 2011. During 2013, Coupons.com generated revenues of $167.9 million, representing 50% growth over 2012, a net loss of $11.2 million, representing a decrease of 81% over 2012, and Adjusted EBITDA of $1.7 million, as compared to an Adjusted EBITDA loss of $47.3 million in 2012.
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