In one of the year's most hotly anticipated (and controversial) IPOs, Groupon.com performed surprisingly well. The company priced shares at $20 each, above predictions of $16 to $18. Then, the stock shot up 40 percent after launching. With a valuation of $12.7 billion, Groupon can surely call the offering a success. Traded on the Nasdaq, Groupon shares are currently valued around $28.
Meanwhile, coffee giant Starbucks reported a 28 percent increase in profits to $358.5 million for the most recent quarter. The company said strong sales in their existing stores was the principle reason for the strong performance. Starbucks beat Wall Street estimates by 6 cents a share.