LivingSocial, one of the major players in the social-buying sector, has hired JPMorgan Chase, Deutsche Bank, and Bank of America Merrill Lynch to oversee the company’s upcoming initial public offering, The New York Times reported Friday.
According to the Times, LivingSocial managers have discussed in meetings with the bankers the possibility of raising $700 million to $1 billion in the stock sale. That would give the company a value of $10 billion to $15 billion.
Full story: “Report: LivingSocial moves closer to IPO filing”