Social networking site LinkedIn announced yesterday that it has filed a registration document with the SEC for an IPO of Class A common stock.
It said in its statement that the number of shares and the price range of the offering were yet to be…
Social networking site LinkedIn announced yesterday that it has filed a registration document with the SEC for an IPO of Class A common stock.
It said in its statement that the number of shares and the price range of the offering were yet to be determined.
Bookrunners for the deal are Morgan Stanley, BoA Merrill Lynch and JP Morgan. Allen & Company and UBS will be acting as co-managers.
In the registration document filed with the SEC, LinkedIn claims to be “the world’s largest professional network”, with over 90 million members worldwide.
The document states that the proposed maximum aggregate offering price for the stock will be US$175m.
For the nine months up to 30 September 2010, its adjusted EBITDA increased to US$31.6m from US$9.4m over the equivalent period in 2009.
Over the same period in 2010, its net revenue was US$161.4m, more than double the amount for the same period in 2009.
LinkedIn was formed in Germany in 2003, and is now based in California.
