RetailMeNot Raises $191 Million Pricing IPO at Mid-Range
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RetailMeNot Inc., a provider of online coupons from more than 60,000 retailers and brands worldwide, raised $191 million in its U.S. initial public offering, pricing its shares at the midpoint of the range.
The Austin, Texas-based company and shareholders sold 9.1 million shares for $21 each, according to a statement yesterday, after offering them for $20 to $22 apiece. The shares, accounting for 18 percent of the company’s outstanding stock, will begin trading today, listed on the Nasdaq Stock Market under the symbol SALE.