Groupon Shares Priced at $20 Ahead of IPO

Kara Swisher ahead of Groupon's IPO tomorrow:

Groupon has priced it shares for its public offering at $20 a share, several dollars above the expected price range.

The offering for the daily deal site — which has had a controversial IPO process — was more than 10 times oversubscribed, meaning there was more demand than supply of its stock.

To alleviate the difference, Groupon added five million more shares to its offering, totaling 35 million shares sold.

The company is set to go public tomorrow under the GRPN ticker on the NASDAQ.

I don't recall reading anything even remotely positive regarding this IPO.