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Retail Top 100 2012, No. 33: Groupon/LivingSocial/etc.

December 5, 2012

The exploding daily deal industry pioneered by Groupon has spawned, by some estimates, more than 700 copycats. And who can blame them? Barely three years after its founding, Groupon raised more than $700 million in an initial public offering, generating 30 percent more than the company originally sought, then saw its value balloon to more than $16 billion on its first day of trading on the Nasdaq. LivingSocial is Groupon’s most logical competitor. Backed with hundreds of millions of dollars in funding, primarily from Amazon (for which it provides the deals for AmazonLocal), the 2-year-old deal-maker says it expects to generate revenues of $1 billion in 2012.

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