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.
Post continues below.
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.
Copyright © 2014 Microsoft. All rights reserved.
Serious issues like drought and the deterioration of the developed world spell opportunity for this industry leader.
VIDEO ON MSN MONEY
Top Stocks provides analysis about the most noteworthy stocks in the market each day, combining some of the best content from around the MSN Money site and the rest of the Web.
Contributors include professional investors and journalists affiliated with MSN Money.
Follow us on Twitter @topstocksmsn.