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LivingSocial May Forget IPO Entirely
Posted By Abe Brown On September 26, 2011 @ 2:25 pm In Internet and Online Business | No Comments
LivingSocial , a well known daily deals site, may scrap any thoughts of an IPO in 2011 and instead raise $200 million . The funding round would include equity and debt with efforts led by JPMOrgan Chase. LivingSocial would invite current investors to contribute as well as bring in new ones. Earlier this year, LivingSocial discussed the possibility of going public. But that was before the IPO market crashed to a halt at the beginning of August after jitters spread from the stock market. Groupon  delayed  its IPO earlier this month, too, even though it had gone a step further and filed its paperwork with the SEC. in fact, companies have delayed or scrapped IPOs at a faster rate in the past three months than at any other point since 2004, according to Bloomberg data.
IPO experts have speculated that the smaller companies that help drive the market may be waiting for the bigger companies like Groupon and Zynga  to test the waters before the market reopens.
Read more at The Boston Globe .
Article printed from Inc. Technology: http://technology.inc.com
URL to article: http://technology.inc.com/2011/09/26/livingsocial-may-forget-ipo-entirely/
URLs in this post:
 LivingSocial: http://www.livingsocial.com
 Groupon: http://www.groupon.com
 delayed: http://technology.inc.com/2011/09/08/groupon-cancels-roadshow-and-delays-ipo/
 Zynga: http://www.zynga.com
 The Boston Globe: http://www.boston.com/business/markets/articles/2011/09/23/livingsocial_may_skip_ipo_raise_200m/?rss_id=Boston.com+--+Financial+markets+news
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