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Is LivingSocial Ready to Go Public?

Posted By Dave Smith On June 29, 2011 @ 6:29 pm In Blogging and Social Media,E-Commerce,Internet and Online Business | 3 Comments

Following up on its prime competitor Groupon’s $750 million IPO [1] earlier this month, LivingSocial [2] is reportedly in talks with bankers to file an initial public offering of its own. According to CNBC, the IPO would be valued between $10 and $15 billion.

Like Groupon, LivingSocial offers heavily discounted fares to those who subscribe to e-mail newsletters, from yoga classes to meals to theatre tickets.

While LivingSocial is the most popular daily deals site after Groupon, many are still concerned about the profitability of the daily deals space in general. Except for the first quarter of 2010, Groupon has consistently reported losses in every quarter since it launched in 2009.

LivingSocial was last valued at around $1 billion after it closing its funding round in December.

Read more from VentureBeat [3].

Article printed from Inc. Technology: http://technology.inc.com

URL to article: http://technology.inc.com/2011/06/29/is-livingsocial-ready-to-go-public/

URLs in this post:

[1] $750 million IPO: http://technology.inc.com/2011/06/02/groupon-files-for-ipo/

[2] LivingSocial: http://www.inc.com/30under30/2010/profile-tim-oshaughnessy-eddie-frederick-livingsocial.html

[3] VentureBeat: http://venturebeat.com/2011/06/29/livingsocial-ipo-rumor/

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