❗Let's close the gap: We still need your help to raise $40,000 by April 1. Donate now
News In Brief

LinkedIn preparing to go public

Jaclyn Giovis Jan 6, 2011

LinkedIn Corp., a social networking company for professionals, plans to go public.

The company intends to file paperwork with the U.S. Securities and Exchange Commission for the initial public offering within months, according to a Wall Street Journal report.

LinkedIn is the latest high-tech company considered to have broad market potential. Earlier this week, Facebook announced it raised $500 million from Goldman Sachs and a Russian investment firm.

According to the Wall Street Journal’s report on LinkedIn:

The Mountain View, Calif., company, whose members include more than 85 million business professionals, will likely file its S-1 registration statement during the first quarter, according to a person familiar with the matter.

The three underwriters are Bank of America Merrill Lynch, J.P. Morgan Chase & Co. and Morgan Stanley, this person said.

There’s a lot happening in the world.  Through it all, Marketplace is here for you. 

You rely on Marketplace to break down the world’s events and tell you how it affects you in a fact-based, approachable way. We rely on your financial support to keep making that possible. 

Your donation today powers the independent journalism that you rely on. For just $5/month, you can help sustain Marketplace so we can keep reporting on the things that matter to you.