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It was reported today by Reuters that professional social networking website LinkedIN is planning to go public in 2011. A number of sources close to Reuters said that last year Morgan Stanley, Bank of America and JP Morgan approached LinkedIn with investment offers. LinkedIn has agreed to go ahead and might file for a public offering this year.
LinkedIn being a private company has not released any of its profits information or the overall value of the company. It is hard to estimate how much the company plans to put up for public sale and how much people might have to spend to get a piece of the company.
LinkedIn was founded in 2002 and was launched in 2003 and has 80 million members. LinkedIn said that its public offering is one of the many tactics it is considering to increase growth and revenue but has not confirmed or denied the report.