Linkedin Plans To Go Public In 2011

LINKEDIN, THE social networking site for professionals, plans to go public in 2011 and has selected its financial underwriters, three sources familiar with the process told Reuters.

Morgan Stanley, Bank of America and JP Morgan are among the book runners, these sources said. Bankers made their pitches to the privately-held company in November, one of the sources said.

“An IPO is just one of many tactics that we could consider,” a spokesman for LinkedIn said on Wednesday. He declined further comment.

Internet companies such as LinkedIn and Zynga, a popular maker of online social games, are considering offerings well ahead of a potential IPO of Facebook, two sources said.

“Some of these companies want to go public because they want to beat Facebook and others out,” said one of the sources. “If Facebook went public before Linkedin, do you think anyone would pay that much attention to Linkedin?” You might want to surpass the beast.”

Zynga couldn’t be reached immediately for comment.

Facebook is not expected to file for a public offering until late 2012,Facebook board member Peter Thiel told Reuters in September.

But that could change. Regulators are scrutinizing a $ 500 million investment and a commitment to raise at least $ 1 billion more in Facebook this week by Goldman Sachs and Digital Sky Technologies, one of the sources said.

The SEC is reviewing whether the number of shareholders in Facebook has exceeded a 499 limit in order to remain private. If the SEC decided Facebook has moved past the threshold, it could accelerate Facebook’s timeline for an offering, the source said.

Facebook and Goldman have declined to comment.

The people familiar with the process said LinkedIn is hoping to attract investors on its reputation as one of the Web’s fastest growing social network sites. The site claims more than 85 million members.

The filing of LinkedIn’s S-1 registration statement with the U.S. Securities and Exchange Commission, which contains the basic financial information of an issuer, could take months, said one of the sources.

“There are lots of things that are worked on that they could put on hold; they miss numbers; they want to grow a little more,” another of the sources said.

Linkedin, which does not disclose financial results, makes money from advertising and premium services. The valuation of a Linkedin IPO was not given by the sources.

Sales of its stock on online secondary market exchange SharesPost gives LinkedIn an implied valuation of around $ 2.2 billion.

In an interview with Reuters in September, Chief Executive Jeff Weiner said the company has had discussions with bankers, but wouldn’t “characterize it as being specific about discussing IPOs.” He said that such conversations have occurred since he joined the company as interim president in early 2009.

LinkedIn’s investors include Sequoia Capital the venture capital firm that has backed Yahoo, Google, Apple, Cisco Systems and Oracle Greylock Partners, Bessemer Venture Partners and Goldman Sachs.

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Hypo Venture Capital Zurich Headlines: LinkedIn looks for $32 to $35 per share in IPO

Posted: 05/09/2011 04:08:41 PM PDT

NEW YORK — Professional networking website LinkedIn hopes to sell its stock for $ 32 to $ 35 per share in an upcoming initial public offering. Its IPO may encourage other growing Internet services to make their stock market debuts during the next year.

The price target, set in a filing Monday with the Securities and Exchange Commission, signals that LinkedIn is nearly ready to complete its IPO. The shares are expected to be sold May 18, according to IPO analyst Scott Sweet. The stock would then begin trading under the ticker symbol of “LNKD” on the New York Stock Exchange.

The company’s debut could offer a preview of investor demand for other popular online services that connect people with common interests. Although they haven’t set timetables, Facebook, Twitter, the online deals site Groupon and the game maker Zynga are among the other social-networking services expected to go public.

With more than 500 million users, Facebook is considered to the hottest commodity of them all. The 7-year-old company’s market value has been pegged at $ 50 billion, based on a private investment in January.

The company said the offering could raise up to $ 274 million, including the cash that would to go existing shareholders who are selling part of their stakes in the IPO. Based

on the IPO’s price targets, LinkedIn would have a market value of $ 3 billion to $ 3.3 billion.Former PayPal executive Reid Hoffman founded LinkedIn eight years ago. Now a venture capitalist, Hoffman remains LinkedIn’s chairman and largest shareholder with a projected post-IPO stake worth $ 600 million to $ 665 million.

LinkedIn’s stock offering is expected to attract a lot of attention because it revolves around a well-known Internet brand with more than 100 million registered members.

Most of LinkedIn’s revenue comes from fees it charges for recruiters and businesses that want expanded access to LinkedIn’s website to help fill job openings. The company also sells online ads.

Last year, LinkedIn had net income of $ 3.4 million on revenue of $ 243 million. Its revenue totaled $ 94 million during the first three months of this year, more than doubling from the same period last year.

LinkedIn will offer 4.8 million shares. The company’s current stockholders, including Hoffman, Bain Capital, Goldman Sachs and publishing company McGraw-Hill, will sell 3 million shares.

The company, which is based in Mountain View, Calif., said there will be 94.5 million common shares outstanding after the IPO.

After paying investment banking fees and other expenses, LinkedIn estimated it will collect nearly $ 147 million from the IPO at the midrange target price of $ 33.50. LinkedIn plans to use the money for operations and possibly to buy other companies.

Morgan Stanley, BofA Merrill Lynch and J.P. Morgan are managing the offering.

Professional networking website LinkedIn hopes to sell its stock for to per share in an upcoming initial public offering. Its IPO may encourage other growing Internet services to make their stock market debuts during the next year.

LinkedIN: The Most Unique Social Media Platform

With the influence of social media influx in our life, it’s sometimes easier to underestimate the power of LinkedIn. Though if you compare LinkedIn with Facebook and Twitter, fan base wise it will always lag behind, reason being it is not hunted by frolicking teenagers posting pictures of their last party, or updating the mundane daily routines. LinkedIn is more serious and for those who says it’s only for the people who are looking for jobs, let me state, they simply don’t know how it works.

The large base of 150 million people on LinkedIn is not just job seekers, but as we know business is all about networking, it comes as a big platform to expand their network and find people who will help them expand it by sharing their knowledge and experience. LinkedIn basically provides you a platform showcasing your current and previous employment, professional work experience, educational background, company where you worked etc, almost like a curriculum vitae. It then allows you to connect with others people, networks, work groups, companies, colleagues, and business partners etc, naming it ‘connections’.

Unlike Facebook, LinkedIn is designed more for professional and business purpose and offers a profile in a more business sense. Web Design India Facebook on the other hand is used to connect with your friends and family. When you want to know where your school friend is working now, you connect to Linkedin, when you want to know your friend is married and have kids or not, you connect to Facebook.

Another advantage of Linkedin is, it gets higher page ranking in Google and thats a good way of increasing your visibility.

All you have to do is make your profile fully available and also publish your website, if you have one. Go for quantity and not for quality when it come to LinkedIn, meaning having over 10’000 connections might be ego-boosting but it will do nothing for you professionally. It always better to add people who will come in handy and share similar interest and seriousness. Adding random people into your conncetions just for the sake of it will only dilute your credentials. The moto is to go for quality over quantity.

Your LinkedIn profile is your face to the LinkedIn world, it’s important to build your profile brick by brick and make your accessible to interest groups, participate in forum discussions and make your point across, offer valuable content and have good manner. Try LinkedIn, you will surely see the results.

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Linkedin: Your Professional Network

LinkedIn is a social networking site that is meant for businesses. This professional networking giant
was founded in December 2002 and was officially launched for public use in May 2003. LinkedIn is open for worldwide use and as of August 2010 LinkedIn reported over seventy five million users. This site is multilingual which enhances its international appeal. The site caters to English, Spanish, Portuguese, Italian, German and French speaking users.

LinkedIn is comparable to the other social marketing networks in that you make connections to other people. These connections may be classmates, coworkers, colleagues or other friends in business. This is a great place for not only larger corporations but also smaller businesses as well as self employed individuals and freelance workers.

Lets face it, the employment market has become pretty brutal in the recent years and many job-seekers have lamented that they wished that they knew somebody that knew that certain somebody that could help them get a job. LinkedIn makes that possible. It is a great resource for both the job seeker and the employer.

For the job seeker, there are several companies that advertise openings right on the network. You are able to follow companies that you are interested in working for. This allows you can do some research on the company, read reviews and feedback about the company, and follow that companys growth, including employment opportunities. So as a job seeker, make sure that your profile is accurate and free of any errors. This may be your first introduction to your perspective employer.

For employers LinkedIn provides a place to find new employees. You can view the previous employment of prospects and you can also see some feedback and recommendations of people who are interested in your company. Social media tells a lot about a person and you can learn how technically savvy they are and what level of netiquette they practice. Employing those that are tech savvy is very important to todays businesses.

LinkedIn also allows you to connect with former classmates and colleagues and see where they are in business. You never know when you might have a friend in a business that you need. You may need a lawyer and of course a lawyer needs clients. This is an incredible networking tool. Its definitely better than rummaging through thousands of business cards or having your business card end up at the bottom of someones pile.

Karriann Graf is a Social Media Manager/Strategist for small businesses and real estate professionals. Her focus is to help you learn about the best Social Media methods to connect with your clients and customers and increase your revenue.