Just like some of its popular deals, Groupon’s IPO has more takers than offers available.

The daily deal company’s public debut is oversubscribed, and will likely fetch a higher share price than the $18 ceiling bankers initially set, according to Reuters.

Despite a rocky beginning on its way to Wall Street and mounting doubts about the strength of its business, Groupon has wooed investors who want a piece of the company’s IPO.

Reuters reported yesterday that the IPO was oversubscribed, and as anticipated, shares would likely price at least at $19 to $20, with a valuation higher than $12 billion.

The company is expected to officially set the share price today and start trading on the Nasdaq tomorrow.

Helping propel the demand for shares was the fact that the company is only floating less than 5 percent of the outstanding shares.