Coupons.com takes off following IPO

|By:, SA News Editor

After pricing its 10.5M-share IPO at $16 yesterday, Coupons.com (COUP) opened at $27.15 and has quickly risen to $29.25, up 82.8%.

The grocery coupon site sports a market cap of $2.1B, or a lofty 12.7x trailing sales.

Prospectus, IPO analysis