LinkedIn set to Go Public by Early Summer
LinkedIn Corp., the leading website for professional networking, plans to raise at least $175 million through an IPO in the hopes of debuting on the stock market within the next three to four months.
It might be the most highly anticipated IPO in recent memory. LinkedIn's filing could motivate other growing internet services, such as Twitter and Facebook, to follow in its footsteps.
More than 90 million profiles have been set up on LinkedIn, compared to Facebook which boasts more than 600 million.
Whereas Facebook makes its revenue from selling add space and marketing information about its users, LinkedIn has focused its marketing towards corporations and employers willing to pay for exclusive access to its content.
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