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January 28, 2011

LinkedIn Files Papers For IPO, Could Be Valued At $3 Billion

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LinkedIn LogoLinkedIn has filed the required Securities and Exchange Commission papers necessary for the company to move forward with an initial public offering.

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: read more

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