At this time it’s still unclear how many shares the company will offer or at what price those shares will be offered at.
In 2009 the business-centric social networking site generated $120 million in revenue, with $161 million coming in through the first nine months of 2010.Those first nine months in 2010 generated $10 million in profit for the company.
Interestingly, in their filing Facebook, Twitter, Google and Microsoft are named as competitors with LinkedIn noting:
“[Those company’s] could develop competing solutions or partner with third parties to offer such products.”
With 90 million users as of January 1st 2011 and one new user joining every second, it’s a safe bet that some interest will be generated during the company’s IPO. Current private trading for the company values LinkedIn at $3 billion.
At this time a date for the offering has not been disclosed.