Washington DC-based LivingSocial has appointed JPMorgan Chase, Bank of America and Deutsche Bank to manage its planned IPO, Financial Times reports. The daily-deal site company intends to raise about $1 billion through the floatation.
The sale will value the company at between $10 billion and $15 billion. In April, the company raised $400 million, valuing the company at $3.5 billion, adds Bloomberg.
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