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LinkedIn, launched in 2003 as a professional networking platform, is expected to be valued at about $4 billion when it opens on the New York Stock Exchange under the ticker LNKD.
That would make the initial public offering (IPO) the largest since Google joined the bourse.
Commenting on the news, IPO Financial founder David Menlow told the Associated Press: "LinkedIn will be used very heavily as a modeling tool for other companies in this space."
The IPO is predicted to raise some $200 million for the company, while shareholders could be in line to make a fortune, particularly the firm's founder and chairman Reid Hoffman, whose 20 per cent ownership is valued at more than $800 million.
VentureBeat writer Matthew Linley suggested LinkedIn's decision to raise its valuation in the past few days could spark debate about whether such organisations are overpriced.
Posted by Greg Secker
