Coupons.com had a mega IPO last week jumping as much as 100% on debut. While the stock is down a couple points, it still pretty much holds the initial gain.
It is not just social media hype on the stock market these days. Also old school web properties manage to impress again with IPOs. The Coupon.com (COUP) IPO on Friday gained as much as 90%. The COUP shares jumped from $14 as high as $33 and closed yesterday at $27.80.
There is some loss, but it is not dramatic and the company should be able to build on this if it hits the right numbers in the quarters to come.
Coupons.com offers online coupons from over 2,000 brands from more than 700 consumer packaged goods companies. Large grocery, drug and mass merchandise retailers, use their platform to reach consumers at the critical moments when they are deciding what to buy and where to shop with their digital coupons.
Coupons.com delivers digital coupons to consumers, including printable coupons, save-to-card coupon and coupon codes for e-commerce. The company has built out the largest network of retailers and publishers, spanning more than 58,000 store locations in North America and approximately 30,000 third-party websites.
The mains site, Coupons.com, receives more than 17 million unique visitors a month on average. Millions of consumers use the Coupons.com and Grocery iQ mobile apps.
See also the Coupons.com site.