After ourinitial speculation, it appears that LinkedIn’s IPO is happening. In a statement on theLinkedIn blog, the company has just stated that it has filed its registration statement for IPO. While this is good news for anyone wishing to buy into the company, present sockholders of LinkedIn are set to be very happy.
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.
Mind you, this is simply the registration and not the actual offering. The IPO must first be approved by the US Securities and Exchange Commission before it is allowed to go live. We’ll update you with more information as it becomes available.
At present, it’s simply worth noting that LinkedIn claims a user base of greater than 90 million, and it continues to dominate the job seeking market in the US. With $103 million in venture funding and a valuation of $2 billion, the company is poised for a public release.
We’ve not yet seen Q4 2010 financials from LinkedIn, but in the 9 months leading up to it, here’s what we know:
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Revenue: $161 millionProfit: $10 million65 million unique visitors monthly, for 5.5 billion pageviews.
Is it a worthy investment for you? Let us know in the comments whether your money will be buying in to the offering.
Image Credit /Nan Palmero
Story byBrad McCarty
A music and tech junkie who calls Nashville home, Brad is the Director TNW Academy. You can follow him on Twitter @BradMcCarty.(show all)A music and tech junkie who calls Nashville home, Brad is the DirectorTNW Academy. You can follow him on Twitter@BradMcCarty.
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