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LinkedIn, the social networking site for professionals, plans to go public in 2011. LinkedIn even has selected their financial underwriters.
NEW YORK - LinkedIn, the social networking site for professionals, plans to go public in 2011. LinkedIn even has selected their financial underwriters.
Morgan Stanley, Bank of America and JP Morgan including underwriters a strong candidate site that has more than 80 million users this, so the Straits Times reported on Thursday (06/01/2011). Some banks reportedly have presented their proposals to LinkedIn, last November.
One of a LinkedIn spokesperson reveals, "IPO (initial public offering) is just one of many tactics that we consider. " Unfortunately, he declined to comment further.
Internet companies such as LinkedIn and Zynga, creators of the popular online game, apparently it is considering various offers to go public, following a similar discourse from Facebook.
"Some of these companies want to go public because they hope to beat up as well as other companies,"said one source familiar with the process told Reuters.
"If Facebook goes public before LinkedIn, do you think people will pay attention to LinkedIn? you'll want to beat your toughest opponent," he concluded.
By sari, okezone.com, Updated: 1/6/2011 10:38 AM
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