News Hub: LivingSocial Seeks $1 Billion IPO
LivingSocial has selected bankers for an IPO that seeks to raise $1 billion and value the online coupon website between $10 billion and $15 billion. Gina Chon has details.
This transcript has been automatically generated and may not be 100% accurate.
... Boingo IPO in Hong Kong on the set ... explain what's happening with it ... right so what we need some o ... while Bank of America and JPMorgan ... I don't think that if I if this is to be the Leander at this event found they're looking to raise that ... the Fed a billion dollars and are valued between ten and fifteen billion from not far off from month to month valuation measures for minor for people living social coupon site he basically get e-mail from deals of the day and how they live in a big competitor to another when Grandpa the points that were seen a lot of competitors actually come into this market is that right yes ... they're a lot of copycat from that's one of the worries clip around this area where you know a lot of people are confused more competition could hurt its before competition fell in the main thing even how long they can stay in the market leader ... does the word bubble to come up come on on the deal that does although the on the mergers and acquisitions deals that's the time it is something we talked about how long digits I mean it's easy to launch valuation for something where competition is easy I could sum up a coupon site ... yet know exactly that their ears ... before we go home and I think that the barriers to entry are very low failure rate that is that I NDAQ but so far people are still believe that the valuation keep going higher and higher as though it remains the scene when that bubble up ... Gee think that they've seen the success of other IPO's like like Groupon's ... windowing Scemama sank off one easy to do that it's available but slightly late but still it was a huge walk in to fill it with cash share that now that's exactly right and has a snowball XL every time you know when it comes up where a comes up with an even higher valuations each time around so who knows where ... LivingSocial the one actually I'll be able to ... twenty billion twenty five you know ... that this point the finest of a leader in this category ... yet the Act but they are ... nights that BC ... tough competition in enterprise value to around twenty billion fell ten to fifteen from far off mountains ... into very interesting stuff up copy somebody ... the unthinking radius of the IPO I'm on right now is the absolute evil bankers we're making money when ... you're watching the trauma with a