China’s Lashou Is Said to Plan U.S. IPO as It Seeks New Advisers

Lashou.com, a website that delivers daily deals in China, is planning an initial public offering in the U.S., three people familiar with the matter said.

The company is looking for advisers to replace Morgan Stanley and Goldman Sachs Group Inc., which are also underwriting the IPO for rival Groupon Inc., said two of the people, who asked not to be identified because the information isn’t public. Lashou has retained at least one new bank and is looking for more, one of the people said.