Coupons.com nearly doubles in 1st trading day



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NEW YORK (AP) — Shares of Coupons.com are close to doubling in their first day of trading on the New York Stock Exchange.

The stock gained $14.40, or 90 percent, to $30.40 in morning trading.

Coupons.com Inc. delivers digital coupons and coupon codes to consumers. It priced its initial public offering of 10.5 million shares at $16 per share. The company had initially expected to offer 10 million shares and expected them to be priced between $12 and $14 per share.

The Mountain View, Calif., company raised $168 million from the IPO.

Coupons.com had 2013 revenue of $167.9 million, up from $112.1 million in the prior year.

The stock is trading under the "COUP" ticker symbol.

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The Associated Press

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