LinkedIn Files for IPO

LinkedIn Files for IPO

LinkedIn Files for IPO

While they have not made any announcement as to the number of shares to be offered, or the opening price, social media network company, LinkedIn has recently filed for an IPO in hopes of raising approximately $175 million.

The company is something of a Facebook for the business world, allowing users to connect with business associates in much the same way the Facebook allows users to connect with friends, but in a more formal environment.

While the company has not come close to the estimated $50 billion value of Facebook, it has been successful. In its SEC filing, LinkedIn posted actual profits for the last two quarters and steadily increasing revenue in the last seven. If they are successful with their IPO, LnkedIn will become the first of the social media giants to go public.

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Ed Dixon - as an experienced writer and proven business leader, Mr. Dixon is the primary contributor for news related to Business and Finance. ed_dixon@newstaar.com