I’ve got bad news for any investor with a penchant for masochism who’s looking to invest in the daily deals business: LivingSocial isn’t planning on going public anytime soon.
The good news? Groupon
LivingSocial CEO Tim O’Shaughnessy recently said that his daily deals company has taken note of all the recent IPO flops, specifically including Groupon and Facebook
None of these currently apply to LivingSocial, but he said that the company would consider going public if “any of those four things is ever very prohibitive to us.”
Thanks to Amazon.com’s
It’s pretty mind-boggling why other giants, like Google
Sadly, there are also no competitive advantages. That’s not stopping LivingSocial from trying to set itself apart, though, launching new services and packaged offerings. CFO John Bax said that the company has stopped raising additional capital after bringing in $176 million in financing, according to Reuters.
As if daily deals investors didn’t already have enough to worry about, they won’t be able to get their hands on LivingSocial directly anytime soon. I guess there’s still always Groupon.