LinkedIn: The 1st Social Networking Site to go Public.
The immensely popular social/professional networking site, LinkedIn, is all set to become the 1st social networking site to make an IPO. LinkedIn which was established in 2003 has seen phenomenal growth over the years. At present it boasts of over 100 million members and has its presence in over 200 countries. In fact, it's said that every second a new member joins LinkedIn.
LinkedIn is confident of raising approximately $ 405 million from the IPO with the valuation being $42 – $45 per share. LinkedIn is expected to start trading on NYSE this Thursday under the ticker symbol LKND.
Industry experts expect other social networking sites like Twitter, Groupon & Zyanga to follow the footsteps on LinkedIn and go public in 2012. However, the most awaited IPO from among the social networking sites would be that of Facebook.
Hope you are listening Mr. Zuckerberg!
~Amit Gupta
This entry was posted by Amit Gupta at 12:25 am and is filed under Business Social Networking.
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