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Coupons.com Issues No Discounts for Stock After its Hot IPO

Debra Borchardt
3/07/14 1:08 PM EST
Coupons.com is the first hot tech company to go public this year. The online coupon site priced at $16, above its planned range and then doubled in price. Coupons.com is now valued at over one billion dollars and the company only recently began to turn a profit. CEO Steve Boal has no worries about the competition and notes Coupons.com gets paid when customers click on the coupon, not whether the coupon gets redeemed. Boal said many online coupons are actually powered by Coupons.com.
Stock quotes in this video: COUP, NYX

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