It appears that investors are flocking to Groupon’s forthcoming initial public offering like customers to one of the daily deal giant’s coupons. The company is considering raising the price of its shares above its current expected range of $16 to $18 a share, people briefed on the matter said Friday. That would value the online coupon pioneer at potentially more than $12 billion. The company’s executives and bankers, led by Morgan Stanley, Goldman Sachs and Credit Suisse, have completed the first week of a multistate road show.

Late Edition – Final

By MICHAEL J. de la MERCED and EVELYN M. RUSLI