Coupons.com (COUP) Skyrockets on First Day of Trading

NEW YORK (TheStreet) -- Coupons.com (COUP) skyrocketed nearly 90% to $30.15 at 11 a.m. on Friday, the company's first day of public trading.

The Mountain View, Calif.-based company, which offers digital coupons to customers, sold shares to investors at $16 each, up from the range of $12 to $14 when the company announced its plans for an initial public offering in October. Coupons.com sold 10.5 million shares for $168 million.

Coupons.com had amassed a volume of more than 6 million at 11 a.m.

The company's revenue spiked 50% to $167.9 million in 2013, but it continues to operate at a loss with a net loss of $11.2 million. During 2012, the company lost $59.2 million.

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COUP Chart

COUP data by YCharts

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