Social Network Linkedln to Go Public in 2011

Filed in bank of america, jp morgan, morgan-stanley, New Gold, o, revenue by on January 6, 2011 0 Comments

Filed under: Deals , Management , Internet , Entrepreneurs Sources close to the social network Linkedln say it is planning to go public, as reported in Reuters . It has filed statements with the Securities and Exchange Commission. Owner Jeff Weiner told Reuters that he has selected Morgan Stanley ( MS ), Bank of America ( BAC ) and JP Morgan ( JPM ) as book runners. Book runners take the original stock offering and then resell it to retail clients. Linkedln is a fast growing social networking site with 85 million viewers. Financial information is not available. Company revenues come from advertising. A source close to the company values it at about $2.2 billion. Continue reading Social Network Linkedln to Go Public in 2011 Social Network Linkedln to Go Public in 2011 originally appeared on BloggingStocks on Thu, 06 Jan 2011 14:30:00 EST. Please see our terms for use of feeds . Read | Permalink | Email this | Comments

Read the original post:
Social Network Linkedln to Go Public in 2011

Tags: , , , , , , , , , , , ,

About the Author ()

Leave a Reply

Your email address will not be published. Required fields are marked *