Coupons.com Files For $100 Mln IPO

(RTTNews) - Coupons.com, an online digital coupon service provider, Friday filed Initial Public Offering of its common stock for up to $100 million, with the U.S Securities and Exchanges Commission. The company did not disclose the number of shares planned to sell and the pricing terms.

The California based company intends to list the common stock on the New York Stock Exchange under the symbol COUP.

The company, founded in 1998, plans to use offering net proceeds for working capital and general corporate purposes.Additionally, the company may also use a portion of the net proceeds for the acquisition of, or investment in, technologies, solutions or businesses.

Goldman, Sachs & Co., Allen & Company LLC, BofA Merrill Lynch and RBC Capital Markets are some of the underwriters acting for the offering.

For the nine-month ended September 30, the company's net loss narrowed to $12.8 million from $50.1 million a year earlier while revenue rose 51 percent to $115.3 million.

Coupons.com offers digital coupons, including online printable, social, mobile and loyalty card promotions and was started by Steven Boal in 1998. The company tracked as one of the 30 companies in China, Europe, and the United States valued at $1 billion or more by venture-capital firms.