LinkedIn files for IPO

News Broadband Global 28 JAN 2011
LinkedIn files for IPO
Business social network LinkedIn announced that it has filed a registration statement with the Securities and Exchange Commission for a proposed initial public offering of its shares. The number of shares to be offered and the price range for the offering have not yet been determined. A portion of the shares will be issued and sold by LinkedIn, and a portion will be sold by certain stockholders of LinkedIn. The bookrunning managers of the proposed offering will be Morgan Stanley, BofA Merrill Lynch and JP Morgan. According to the filing LinkedIn has over 90 million registered members. The company reported revenue of USD 161 million in the first nine months of 2010 and a net profit of USD 1.85 million.

Categories:

Internet

Companies:

LinkedIn

Regions:

Global

Tags:

Shareholders & subsidiaries, Portals / social media, Financial funding

Related Articles

UNITED STATES 9 MAY 2011

LinkedIn prices IPO

LinkedIn has priced its initial public offering of shares at USD 32-35 per share, according to a SEC filing. With 7.84 million shares up for sale, the company can raise a total USD 274.4 million at the top price. Another 1.176 million shares will be available to the underwriters for over-allotments. The company plans to use the proceeds for product and sales development as well as possible acquisitions. The social networking site first filed for an IPO in New York in January.

FRANCE 16 MAR 2011

LinkedIn opens Paris office, names EMEA marketing director

Professional network company LinkedIn has opened an office in Paris, its fourth European location after London, Amsterdam and Dublin. France is also the home market of its biggest rival, Viadeo.The number of French professionals on LinkedIn passed the 2 million mark in January. An Ipsos study commissioned by LinkedIn the following month found that half of French professionals intend to change their job this year. Professional networks like LinkedIn and Viadeo are a proven way to discover new opportunities.

GLOBAL 28 JAN 2011

LinkedIn registreert voor aandelenuitgifte

Het zakelijke sociale netwerkbedrijf LinkedIn heeft zich bij de Amerikaanse Securities and Exchange Commission (SEC) geregistreerd voor de uitgifte van aandelen. Het heeft nog niet aangegeven hoeveel aandelen het gaat uitgeven, noch welke prijsklasse er aan een LinkedIn-aandeel gehangen wordt. Een deel van de te verkopen aandelen komt van LinkedIn en een ander deel komt van een aantal aandeelhouders. Volgens het registratieformulier heeft LinkedIn meer dan 90 miljoen geregistreerde leden. Het bedrijf zette

UNITED STATES 6 JAN 2011

LinkedIn planning IPO within months - report

Social networking company LinkedIn plans to file for an IPO within months, reports the Wall Street Journal citing an unnamed person familiar with the plans. The source said it would probably file its IPO registration statement in Q1 2011, with the IPO to be underwritten by Morgan Stanley, J.P. Morgan Chase and Bank of America Merrill Lynch. The source added that the decision had been in the planning for months, well before news of Facebook's recent deal. A LinkedIn spokesperson said that it did not comment

GLOBAL 5 JAN 2011

Facebook, Groupon, Twitter propel internet valuations

The valuations of a number of unlisted American internet companies have reached new peaks. At Facebook, Groupon, Twitter, LinkedIn, Zynga, Yelp, Skype and others, capital from venture funds is being converted to equity stakes, based on valuations rising to the billions of dollars. IPOs are expected within the year. The SEC has recently entered the fray, looking at the private trading in such shares on platforms like SecondMarket or SharesPost, designed for founders, employees and early investors. The rules

GLOBAL 25 NOV 2009

LinkedIn sees IPO likely, but not soon – chairman

Professional social network LinkedIn will probably pursue an initial public offering some time but not in the near future, reports Reuters citing co-founder and executive chairman Reid Hoffman. LinkedIn, with 53 million members around the world, is seen as a strong IPO candidate, especially as the market starts to pick up. A recent Reuters poll found it one of the Silicon Valley companies most eligible to go public. The network raised USD 76 million in its last funding round in 2008, then valuing the compan

Just In

19 DEC 16:42

SLT-Mobitel launches 5G network in Sri Lanka

19 DEC 16:19

Dialog Axiata launches 5G network, connects 1.5 million subscribers

19 DEC 15:56

UK govt to ban AI-enabled nudification apps to protect women, girls

19 DEC 15:42

3 UK launches last-minute Christmas sale

Commentary

13:56

Video market set for slower growth ahead

11:38

Netflix buys Warner Bros to deepen content catalogue

11:11

KPN's mixed performance in Q3 raises questions for strategy day

15:26

Stock markets breaking records but what happened to Odido's IPO plans?

Background

01:04

The week in telecom: Wi-Fi bolt-ons take off to boost broadband growth, video market works on consolidation

01:39

The week in telecom: Netflix wins bidding for Warner Bros, Apple poaches new execs, Samsung debuts trifold

13:51

Proximus vs. Telenet: Proximus performs better in Q3 while Telenet uses up cash

14:16

Proximus Domestic still struggling with low margins

Complete profile

Before downloading the whitepaper, we would like to ask you to complete your profile with company and position. After confirming you will receive the white paper.