Daily-deals provider LivingSocial could be nearing an initial public offering, Reuters is reporting.
Citing anonymous sources, Reuters says LivingSocial is currently in talks with investment banks to launch an IPO valued at $1 billion. The news service's sources say that at a $1 billion IPO, LivingSocial's valuation would range between $10 billion and $15 billion.
Earlier this month, daily-deals market leader Groupon announced its own IPO plans that could see the company raise $750 million on a valuation of between $15 billion and $20 billion.
Those moves toward an IPO aren't all that surprising. As of late, … Read more