NEW YORK (Reuters) - Groupon is expected to pick Goldman Sachs and Morgan Stanley to lead a second-half initial public offering that could value the fast-growing daily deals site at $15 billion to $20 billion, the Wall Street Journal reported on its website on Thursday.
Groupon could raise as much as $1 billion in the IPO, which could come in the third quarter, although the exact size had not yet been determined, the paper said.
JPMorgan Chase & Co is expected to have a co-manager role, the paper reported, citing unnamed sources.
Groupon was not immediately available for comment.
The multibillion-dollar valuation is the latest in a string of high valuations for hot Internet companies including Facebook and Twitter, and raises questions about how these companies, albeit fast-growing, could ever justify the sky-high valuations.
Groupon said it has been profitable since June 2009, but does not disclose financial information.
Groupon Chief Executive Andrew Mason told Reuters in January it was talking to bankers about an IPO.
The site, which offers daily discounted deals at local restaurants and retail outlets, turned down a $6 billion buyout offer from Google Inc in December.
(Reporting by Paritosh Bansal; Editing by Gary Hill)