LivingSocial is planning to raise around $1 billion in an initial public offering (IPO), Bloomberg reports. The online daily deal site is in discussion with Barclays, JPMorgan Chase and Allen & Comapny for the same.
The offering may value the Washington-based start-up at around $10-15 billion. The IPO is expected to be launched by the end of 2011. LivingSocial’s investors include Twitter backer Institutional Venture Partners and T Rowe Price Group.
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