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Coupons.com makes blockbuster debut as tech stays favorite

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Shares of digital coupon company Coupons.com Inc nearly doubled in their trading debut, valuing the company at over $2.2 billion and underscoring the popularity of technology IPOs.

The 16-year-old company raised $168 million from its initial public offering after receiving strong investor interest for its extensive digital promotion platform.

Coupons.com is the third technology company to go public this year, after the successful debuts of Care.com Inc and Varonis Inc.

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