Surges in Debut After Pricing IPO Shares

BloombergBusinessWeek_Logo_350x150 Inc., which took coupon clipping to the Web in 1998, almost doubled in its debut after the online discounter raised $168 million in its initial public offering, pricing the shares above the marketed range. The stock surged 88 percent to $30 at 4 p.m. in New York, giving the company a market value of about $2.2 billion. The company sold 10.5 million shares for $16 each, according to a statement yesterday, after offering them for $12 to $14. The stock is listed on the New York Stock Exchange under COUP.

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