LinkedIn to Offer 2011 IPO
LinkedIn to Offer 2011 IPO
The social networking site LinkedIn is reportedly planning to make an initial public offering at some point in 2011, according to a report from Reuters. The story, qouting anonymous sources, says the company has hired Morgan Stanley, Bank of America, and JPMorgan Chase to enderwrite the terms of an IPO. The story also says that considering the value of LinkedIn shares traded on private markets in recent months, the company could be valued at as much as $2.2 billion.
What is not immediately clear, however, is why the company wants to raise money. Some analysts theorize that the rising value of Facebook, stemming from the company's recent raising of $500 million, will lift social networks across the board. The process valued Facebook, which is also a privately traded company, at about $50 billion. The theory holds that LikedIn is looking to follow Facebook's lead.
Another theory as to why LinkedIn wants to go public is in response to the growing competitive nature of the social networking sector. While Facebook presently has the ability to mime a number of LinkedIn's features, LinkedIn does not. The company may simply want to acquire capital in order to take the technical and marketing steps it needs to stay competitive in the growing market.
The social networking site LinkedIn is reportedly planning to make an initial public offering at some point in 2011, according to a report from Reuters. The story, qouting anonymous sources, says the company has hired Morgan Stanley, Bank of America, and JPMorgan Chase to enderwrite the terms of an IPO. The story also says that considering the value of LinkedIn shares traded on private markets in recent months, the company could be valued at as much as $2.2 billion.
What is not immediately clear, however, is why the company wants to raise money. Some analysts theorize that the rising value of Facebook, stemming from the company's recent raising of $500 million, will lift social networks across the board. The process valued Facebook, which is also a privately traded company, at about $50 billion. The theory holds that LikedIn is looking to follow Facebook's lead.
Another theory as to why LinkedIn wants to go public is in response to the growing competitive nature of the social networking sector. While Facebook presently has the ability to mime a number of LinkedIn's features, LinkedIn does not. The company may simply want to acquire capital in order to take the technical and marketing steps it needs to stay competitive in the growing market.
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