LinkedInis reportedly set to file papers to go public as soon as today, Kara Swisher over atAll Things Digitalreports.
Swisher’s sources say that papers could be submitted once markets close today. LinkedIn isn’t commenting on the speculation, although it follows arecent reportthat the company was gearing up for an initial public offering and had selected financial underwriters for the process. Swisher suggests that this could be Morgan Stanley or Goldman Sachs.
LinkedInclaimsa userbase in excess of 90 million. Although dominating the US professional online networking market, other players likeViadeoandXinghave strong presences in other parts of the world. If true, this would be the second tech IPO news of the week, followingDemand Media‘s $1.5bn offering yesterday.
While LinkedIn’s move is unconfirmed, Kara Swisher has a reliable track record in such matters. There’s little more to say about this report at the moment, but we’ll be watching what happens once the New York stock exchange closes today.
Story byMartin SFP Bryant
Martin SFP Bryant is the founder of UK startup newsletter PreSeed Now and technology and media consultancy Big Revolution. He was previously(show all)Martin SFP Bryant is the founder of UK startup newsletterPreSeed Nowand technology and media consultancyBig Revolution. He was previously Editor-in-Chief at TNW.
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