Associated Press – raises $168 million from IPO


MOUNTAIN VIEW, Calif. (AP) — has raised $168 million from an initial public offering of its common stock. The company delivers digital coupons and coupon codes to consumers. said in a regulatory filing that more than 2,000 brands from more than 700 consumer packaged goods companies and many grocery, drug and mass merchandise retailers use its service. The IPO of 10.5 million shares is above the 10 million shares initially expected in the offering, according to the filing. The offering priced at $16 per share, above the projected range of $12 to $14 per share.

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