LinkedIn Going Public On The NYSE This Thursday

Posted May 16, 2011

Professional social network LinkedIn.com is going public on Thursday and they are looking to raise $274 million as part of the offering. The price of the shares will be launched at between $32-$35. This would give them about a $3 billion valuation. LinkedIn will be traded on the New York Stock Exchange under the symbol “LNKD.” In 2010, LinkedIn’s revenue doubled to $243 million and their net income was $15.4 million. [BusinessInsider]