IPO A Hot Ticket, Soars 88% On First Day

InvestorsBusinessDaily_Logo_350x150 cashed in a winning ticket Friday with an initial public offering that nearly doubled on its first day of trading.

The website provider of digital coupons priced at $16, above the expected $12-$14 range. The NYSE-listed stock opened at 27, climbed to 33 intraday before closing up 87.5% at 30. (COUP) raised $168 million by selling 10.5 million shares.

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