Daily deals site Groupon Inc priced shares in its initial public offering at $20, above the initial range, a market source said on Thursday.

The company sold 35 million shares for $20 each, raising $700 million (436 million pounds), the source said. It had filed with the U.S. Securities and Exchange Commission to sell 30 million shares for $16 to $18 each.

(Reporting by Clare Baldwin in New York and Alistair Barr in San Francisco; Editing by Phil Berlowitz)