Is LivingSocial Talking to Bankers About an IPO?

Groupon isn’t the only social deals company looking to move from Main Street to Wall Street. According to Reuters, LivingSocial is getting ready to make the plunge into public capital markets. The company is said to be meeting with banks and is seeking to raise $750 million in capital in an initial public offering. It’s said to be valued at between $10 billion and $15 billion.

LivingSocial, Reuters says, is keeping its lips sealed.

This would be the latest in a wave of hot social IPOs, following LinkedIn and Pandora. Facebook is rumored to be filing in the fourth quarter of this year. Groupon, which has already filed, has come under heat for steep dividend payments to founders and substantial losses.

In its last round of financing, which closed in April, LivingSocial raised $400 million. Investors included LightSpeed Venture Partners and Amazon. The round led to an implied valuation of around $3 billion.

 

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