LinkedIn Files To Go Public, Acquires CardMunch
Amit Chowdhry | January 28, 2011 | 765 views | Add a CommentCategorized under CardMunch, Jeff Weiner, LinkedIn, Reid Hoffman, Sequoia Capital

Professional social network LinkedIn.com has filed to go public. LinkedIn is currently hitting about $200 million in anunal revenues. This is up 200% from about a year ago. With a 10x valuation, LinkedIn is expected to have a $2 billion market cap. This means that founder Reid Hoffman’s 21.4% stake would be worth around $430 million. LinkedIn CEO Jeff Weiner would be worth $80 million. Sequoia Capital’s $4.7 million investment in the company would be worth $380 million. LinkedIn also recently acquired CardMunch, a business card reading application for the iPhone.
