LivingSocial's climb to IPO
June 29, 2011 - 06:43 pm
Executives at LivingSocial have taken preliminary steps towards an initial public offering, a source told CNBC.
- LivingSocial may be worth $15 billion
The D.C.- based company, which is known for selling daily deal coupons, held a meeting with bankers to sketch out a deal that could potentially value the company at up to $15 billion.
The move comes just a few weeks after rival daily deal company Groupon filed registration paperwork with the Securities and Exchange Commission for its own IPO.
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