San Francisco Business Times
Date: Monday, May 9, 2011, 7:15am PDTLinkedin has been a great social business and professional site for many years. Having been one of the first 100 people to sign up way back when I am sure that you have heard the news on its' impending IPO. Here is the latest.
LinkedIn Corp. on Monday said it now plans to sell 7.84 million shares in its initial public offering at between $32 and $35 each.
The IPO could raise proceeds of up to $274 million.
Mountain View-based LinkedIn is offering 4.8 million shares, while selling stockholders are offering 3 million shares.
The company expects to receive net proceeds of approximately $146.6 million from the shares it is offering in the IPO.
LinkedIn in January filed for an IPO to issue up to $175 million of public stock.
The company's website, which launched in 2003, now boasts more than 100 million members in more than 200 countries.
Read more: LinkedIn IPO now to raise $274M | San Francisco Business Times
