MSNBC reports Youniques founders are planning to launch a billion dollar IPO.

The company has been working with a group of investment firms to raise $1 billion in venture capital.

According to Bloomberg, Youniquet is working with two large investors in New York and Los Angeles.

Bloomberg says the venture will be led by J.P. Morgan, led by Mark J. Zuckerman.

The deal is expected to close this summer.

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