Coupons, Livingsocial.com | featured news

In groups of four, the soon-to-be graduates of LivingSocial’s inaugural Hungry Academy stepped in front of their peers last week to present their capstone projects: a fully functional Web site built to help school teachers raise money for classroom projects.

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.

LivingSocial has raised $400 million to help fuel its expansion and keep up with rival coupon website Groupon.

LivingSocial is in active talks with investors to raise around $400 million to $500 million to help fuel its expansion and keep up with rival Groupon.