RetailMeNot (SALE) soars following its IPO: shares of the online coupon/promo code site opened...

|By:, SA News Editor

RetailMeNot (SALE) soars following its IPO: shares of the online coupon/promo code site opened at $26.50 and are currently at $26.97, up 28.4% from an IPO price of $21. That gives the company a market cap of $1.35B, or 9.4x 2012 sales. ChannelAdvisor (ECOM +4.2%), another company that offers marketing tools/services for e-commerce firms, has shot higher in sympathy. (IPO pricing) (Q1 results) (S-1)