Private Equity
2 min read · 11 July 2011
(Reuters) - LivingSocial has picked Bank of America Merrill Lynch, JPMorgan and Deutsche Bank to lead-underwrite an IPO that could value the daily deals site at $10 billion to $15 billion, two sources with knowledge of the matter said. The three banks declined to comment. LivingSocial, runner-up to Groupon in the fast-expanding daily deal market, is the latest Internet startup seeking to woo investors keen to pile into social media companies from LinkedIn and Twitter to Zynga and Facebook. In April, LivingSocial raised $400 million in a round of funding that included LightSpeed Venture Partners and Amazon, giving it a value of about $3 billion. To date, LivingSocial has raised $648 million in
2 min read · 08 July 2011
3 min read · 08 July 2011
2 min read · 08 July 2011
1 min read · 07 July 2011
2 min read · 06 July 2011
2 min read · 06 July 2011
3 min read · 06 July 2011
1 min read · 05 July 2011
(Reuters) - Venture-backed IPOs saw their strongest quarter since 2000 with offerings valued at $5.5 billion coming to the market in the second quarter of 2011, according to an exit poll by Thomson Reuters (publisher of peHUB) and the National Venture Capital Association (NVCA). (See table below.) The number of M&As also returned to 2009 levels, with the second quarter seeing 79 venture-backed M&As, 36 of which had an aggregate deal value of $5.4 billion. For the first half of the year, VC-backed IPOs are up significantly from
2 min read · 02 July 2011
