LivingSocial Considering $1B IPO

venkatesan | July 1 - 2011

According to Vator, leading group buying deals site LivingSocial considering for $1 billion IPO. Market is already waiting for Groupon IPO. LivingSocial is the primary competitor of Groupon discussing with Morgan Stanley and Deutsche Bank for IPO.

Compare to LivingSocial, Groupon has global presence and more employee strength. Both are continuously expanding its business. Recently it has two new acquisitions and LivingSocial covers 135 markets world wide compared to Groupon’s 170+.

LivingSocial successfully launched instant deals even before Groupon launched it. But both companies are facing stiff competition from other big players like Google, Facebook and New York Times. Giltcity a NYT deals site already doing good in health and lifestyle niche. But there is big potential in the group deals market. Now big players are concentrating mainly on big cities but there is huge opportunities left on small towns.

Using this opportunity lot of small businesses and individuals started to make their own Groupon clone websites. Now it is easy to create a group deals site with Ndot deals script. Any one can buy the premium script at $145 and install in their web server and run a complete website with in an hour. You have to go with unlimited version for more advanced features. Ndot is the only company offers this script at low cost for such unique features.