Groupon CFO notes room for growth
The daily-deals site's highly anticipated IPO opens to strong demand.
The company soared more than 40% past its opening price of $20 in morning trading. Groupon is said to have raised about $700 million in the offering.
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When asked about new ways to grow, Child said the company, which sells daily discounts to local merchants, has plenty of opportunities. It is expanding across the globe with several new initiatives, such as selling electronics. The company is also working on increased personalization. Groupon continues to cater to a variety of demographics with the goal of increasing coupon activations.
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