New York – Business-focused online social network LinkedIn
is planning an initial public offering (IPO) this year, and has already chosen
underwriters for the transaction, Retuers reported, citing three sources
familiar with the process.
Banks said to be involved with the transaction
include Morgan Stanley, Bank of American and JPMorgan.
"An IPO is just one
of many tactics that we could consider," a LinkedIn spokesperson told
Reuters.
A source told Reuters LinkedIn may be hoping to hold its IPO before
Facebook, which may go public by late 2012, or potentially even earlier.
Founded
in 2003, Mountain View, Calif.-based LinkedIn currently counts over 85 million
members.
The company has raised over $100 million in financing to date, from
investors including Bessemer Venture Partners, Sequoia Capital, Greylock
Partners, European Founders Fund, Bain Capital Ventures, SAP Ventures, Goldman
Sachs and McGraw-Hill Companies.
Related Links:
http://tinyurl.com/2bkmj4h
(Reuters)
That’s an interesting comment from Linkedin. Perhaps it’s a little early for them to go public.