Feeds

LinkedIn to go public this year

Social network for biz set eyes Wall Street

Intelligent flash storage arrays

LinkedIn Corp confirmed yesterday that the company will go public this year.

The decision by LinkedIn, which was founded in 2002, to snuggle up to Wall Street is significant because it's the first such social network to make the jump this year.

Plenty of noises have been coming out of the Facebook camp, which recently confirmed that it would hit IPO status by April 2012 at the latest.

The Mark Zuckerberg-run firm was valued at a staggering $50bn earlier this month.

LinkedIn, on the other hand, will seemingly be looking at a much more conservative public offering.

According to a US regulatory filing, the company's net revenue increased by nearly 50 per cent to $161.4m in the first nine months of last year on profit of $1.85m.

LinkedIn, which is firmly aimed at the business set, was co-founded by ex-PayPal exec Reid Hoffman and has 90 million users posting their career biographies on the site. ®

Top 5 reasons to deploy VMware with Tegile

More from The Register

next story
Facebook pays INFINITELY MORE UK corp tax than in 2012
Thanks for the £3k, Zuck. Doh! you're IN CREDIT. Guess not
Google Glassholes are UNDATEABLE – HP exec
You need an emotional connection, says touchy-feely MD... We can do that
Just don't blame Bono! Apple iTunes music sales PLUMMET
Cupertino revenue hit by cheapo downloads, says report
US court SHUTS DOWN 'scammers posing as Microsoft, Facebook support staff'
Netizens allegedly duped into paying for bogus tech advice
Feds seek potential 'second Snowden' gov doc leaker – report
Hang on, Ed wasn't here when we compiled THIS document
Verizon bankrolls tech news site, bans tech's biggest stories
No agenda here. Just don't ever mention Net neutrality or spying, ok?
NATO declares WAR on Google Glass, mounts attack alongside MPAA
Yes, the National Association of Theater Owners is quite upset
prev story

Whitepapers

Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
Getting started with customer-focused identity management
Learn why identity is a fundamental requirement to digital growth, and how without it there is no way to identify and engage customers in a meaningful way.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Top 5 reasons to deploy VMware with Tegile
Data demand and the rise of virtualization is challenging IT teams to deliver storage performance, scalability and capacity that can keep up, while maximizing efficiency.
Protecting against web application threats using SSL
SSL encryption can protect server‐to‐server communications, client devices, cloud resources, and other endpoints in order to help prevent the risk of data loss and losing customer trust.