Monday, May 9, 2011

Before its IPO, LinkedIn is valued at 2 billion euros

LinkedIn, the social network for professionals, announced it would offer 7.84 million shares for its IPO, in a range between 32 and 35 dollars per share. If the operation takes place in the high end, LinkedIn is valued at over $ 3 billion (2 billion euros). LinkedIn, which boasts nearly 100 million members in Buzz Tech News, would become the first social network to go public.

Facebook, the first social network in the world, consider an IPO within a few months, but in no hurry to open its capital. LinkedIn, which wants to gain a foothold on Wall Street under the symbol "LNKD", plans to raise about $ 146.6 million through the sale of securities held by certain of its shareholders.

Goldman Sachs, McGraw-Hill Venture Capital and Bain are among the largest investors offering their shares, while those for sale by Reid Hoffman, founder and chairman of the board of directors alone would account for nearly 21.7% Royalty to vote. In 2010, LinkedIn has reached $ 15.4 million profit on a turnover of 243 million.

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