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Digital discounter Coupons.com sets terms for $130 million IPO

By: Renaissance Capital
Posted: 2/25/2014 11:07:00 AM
Referenced Stocks: COUP

Coupons.com, a digital network of printable coupons, online coupons, loyalty card promotions and mobile coupons, announced terms for its IPO on Tuesday. The Mountain View, CA-based company plans to raise $130 million by offering 10 million shares at a price range of $12 to $14. At the midpoint of the proposed range, the company would command a fully diluted market value of $1.1 billion. Coupons.com, which was founded in 1998 and booked $168 million in sales for the fiscal year ended December 31, 2013, plans to list on the NYSE under the symbol COUP. Coupons.com initially filed confidentially on October 25, 2013, and plans to price the week of March 3rd. Goldman Sachs, Allen & Company, BofA Merrill Lynch and RBC Capital Markets are the joint bookrunners on the deal.