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December 8, 2011 02:43 am GMT
In a sign that it may be pushing off an IPO after Groupon's lackluster performance, rival LivingSocial has raised $176 million in a new round of funding, according to a new SEC filing. Reports of the new funding first surfaced in the New York Times a few weeks ago.According to the SEC filing, Code Advisors and JP Morgan were both advisors and received $5.6 million in "finders fees" (who needs IPO fees when there is plenty of private capital to go around). This funding brings the total capital LivingSocial has raised to $808 million.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/d_Cd4ApJTHI/
Forget An IPO For Now, LivingSocial Raises Another $176 Million
In a sign that it may be pushing off an IPO after Groupon's lackluster performance, rival LivingSocial has raised $176 million in a new round of funding, according to a new SEC filing. Reports of the new funding first surfaced in the New York Times a few weeks ago.According to the SEC filing, Code Advisors and JP Morgan were both advisors and received $5.6 million in "finders fees" (who needs IPO fees when there is plenty of private capital to go around). This funding brings the total capital LivingSocial has raised to $808 million.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/d_Cd4ApJTHI/
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