The company has chosen three banks—Bank of America Merrill Lynch, Deutsche Bank AG and J.P. Morgan Chase & Co.—as the lead underwriters for the IPO.
Sunday, July 10, 2011
LivingSocial Seeks $1 Billion IPO
LivingSocial, the social shopping business, is seeking to raise about $1 billion from an initial public offering, valuing the Web firm at between $10 billion and $15 billion, the Wall Street Journal reports.
The company has chosen three banks—Bank of America Merrill Lynch, Deutsche Bank AG and J.P. Morgan Chase & Co.—as the lead underwriters for the IPO.
The company has chosen three banks—Bank of America Merrill Lynch, Deutsche Bank AG and J.P. Morgan Chase & Co.—as the lead underwriters for the IPO.
Gary Kim has been a digital infra analyst and journalist for more than 30 years, covering the business impact of technology, pre- and post-internet. He sees a similar evolution coming with AI. General-purpose technologies do not come along very often, but when they do, they change life, economies and industries.
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