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RetailMeNot Inc To Raise Up To $200 Million ln IPO-Reuters

Monday, 8 Jul 2013 07:41am EDT 

Reuters reported that RetailMeNot Inc is looking to raise up to $200 million in an initial public offering that may value the Company at more than $1 billion. The Company said it expects to sell 9.1 million shares between $20 and $22 per share. Retailmenot, backed by Google Ventures and Austin Ventures, offers digital coupons from over 60,000 retailers and brands. Morgan Stanley, Goldman Sachs and Credit Suisse are the lead underwriters for the offering, the Company said in the filing. Retailmenot plans to list its shares on the Nasdaq under the symbol SALE. The amount of money a company says it plans to raise in its first IPO filings is used to calculate registration fees. The final size of the IPO could be different. 

Company Quote

0.19 +1.28%
19 Dec 2014