Submission + - LinkedIn To Go Public In 2011 (eweekeurope.co.uk)
geek4 writes: Professional social networking site LinkedIn is planning to go public later this year, according to reports
LinkedIn — the social networking site for business professionals — is reportedly considering a stock offering within the first quarter of 2011.
The company is working on the documentation with three financial advisers, including Bank of America Merrill Lynch, JP Morgan Chase & Co. and Morgan Stanley, according to Reuters.
The value of LinkedIn's shares in the Initial Public Offering (IPO) remains confidential. However, its shares in secondary markets like SharesPost are reportedly worth around $2.2 billion (£1.4 billion).
The report follows news of Facebook's recent fundraising that has attracted $450 million (£290m) from Goldman Sachsand $50 million (£32m) from Russia's Digital Sky Technologies. Speculations also surround the company's implied gesture to go public in 2012.
LinkedIn — the social networking site for business professionals — is reportedly considering a stock offering within the first quarter of 2011.
The company is working on the documentation with three financial advisers, including Bank of America Merrill Lynch, JP Morgan Chase & Co. and Morgan Stanley, according to Reuters.
The value of LinkedIn's shares in the Initial Public Offering (IPO) remains confidential. However, its shares in secondary markets like SharesPost are reportedly worth around $2.2 billion (£1.4 billion).
The report follows news of Facebook's recent fundraising that has attracted $450 million (£290m) from Goldman Sachsand $50 million (£32m) from Russia's Digital Sky Technologies. Speculations also surround the company's implied gesture to go public in 2012.