Apologies for not starting sooner, but certain members of Betabeat have spent the morning in their boxer-briefs breathing into a paper bag in the fetal position, as they burn printed out Groupons and smudge sage over a well-adorned shrine to Groupon Cat and Skanda.
Either way, we’re well into Groupon’s first day on the NASDAQ as a publicly traded company, and BetaBeat will be liveblogging the IPO for the rest of the day, all the way through next Friday.
Yes folks, we’ll be giving you updates in arbitrary chronological marks as this thing keeps going through it’s first week. But for now, let’s get to Day 1.
Kara Swisher at All Things D reports that Groupon has priced at $20 a share, which—yes—is more than people had initially expected.
Groupon’s IPO is going to be priced sometime today! It goes on sale tomorrow. THE MOST IMPORTANT IPO IN DAILY DEALS HISTORY IS FINALLY HERE, HAROLD CAMPING! So, we’re having a contest. Here’s how it works:
1. Betabeat will make guesses on the IPO, both the IPO price and the price at day’s end.
2. If any of your guesses are closer to the actual IPO than Betabeat’s, we will give you a cookie. A real cookie.
3. No cheating, no going to the future and finding out what it is, no insider trading, no guesses from Andrew Masons, Groupon Cats, or Pets.com dogs.