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.

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