LivingSocial Said To Be Prepping For IPO

Jun 29, 2011 - 20:51
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LivingSocial Said To Be Prepping For IPO

Another high-profile daily deals website is reportedly preparing to make a billion-dollar initial public offering.

LivingSocial is in talks with bankers about filing for an IPO of around $1 billion, which would value the company between $10 and $15 billion, reports CNBC.

LivingSocial, a direct competitor of Groupon, offers daily coupons for discounts at local merchants.

Groupon filed its S-1 form early in June and hopes to raise $750 million. Since then, critics have voiced their skepticism of the site's supposed valuation of $25 billion.

While LinkedIn's stock soared once it hit the public market, music startup Pandora received a somewhat less glowing reception.

Web retail giant Amazon invested $175 million into LivingSocial last year.

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Mike Gallagher Mike Gallagher is a Georgia-based freelance journalist covering local news, community developments, and regional issues that matter most to residents across the state. Writing for Georgianewsday.com since 2016, Mike has built a reputation for clear, balanced reporting and a strong connection to the communities he serves. His work spans city council decisions, school board updates, small business features, public safety reports, and statewide policy changes. In addition to local coverage, Mike occasionally reports on state politics and national headlines, offering readers context on how broader decisions impact Georgia communities. Known for his steady, fact-driven approach, Mike prioritizes accuracy, fairness, and accessibility in every story. Whether covering a town hall meeting or breaking political developments, he aims to inform readers with clarity and integrity. Outside the newsroom, Mike remains actively engaged in Georgia’s civic landscape, always seeking the next story that shapes the state’s future.