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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