LinkedIn, the social networking site for professionals, plans to go public in 2011 and has selected its financial underwriters: Morgan Stanley, Bank of America and JPMorgan being the book runners. Bankers made their pitches to the privately-held company in November. Internet companies such as LinkedIn and Zynga, a popular maker of online social games, are considering offerings well ahead of a potential IPO of Facebook.
The people familiar with the process said LinkedIn is hoping to attract investors on its reputation as one of the Web’s fastest growing social network sites.
The site claims more than 85 million members. The filing of LinkedIn’s S-1 registration statement with the U.S. Securities and Exchange Commission, which contains the basic financial information of an issuer could take months.
Linkedin, which does not disclose financial results, makes money from advertising and premium services. The valuation of a Linkedin IPO was not given by the sources.
Sales of its stock on online secondary market exchange SharesPost gives LinkedIn an implied valuation of around $2.2 billion. LinkedIn’s investors include Sequoia Capital — the venture capital firm that has backed Yahoo, Google, Apple Cisco Systems and Oracle — Greylock Partners, Bessemer Venture Partners and Goldman Sachs.
Social media users, hear this! VISI, Minnesota’s #1 provider of colocation, dedicated servers, web hosting and high speed internet and the genius behind Cash for Servers is setting up this $1000 Social Media Contest by taking advantage of the popularity of the social media phenomenon like Facebook and LinkedIn.
VISI will give away a $1000 VISA gift card to a lucky winner who joins the contest and completes all of the requirements. The contest is good for two days, on October 5th and October 6th. VISI will then announce the winner on the following day, October 7th through Twitter (@VISIHOSTING). Make sure you follow VISI in Twitter so you can get real time updates with regards to the contest.
Joining is easy!
Register in their site http://www.visi.com/1000giveaway for free.
In your Facebook account, become a fan of VISI by going to their fan profile at http://www.facebook.com/VISIHOSTING
In your Twitter account, tweet to your followers this message “#CashforServers $500 rebate on dedicated server with @VISIHOSTING” (without the apostrophes).
In your LinkedIn status, post this message to your network “Just heard about VISI’s new promotion. Check it out at visi.com/cashforservers” (without the apostrophes).
These four steps are pretty easy. Once you are done, wait for October 7th for the announcement of the winner. This contest is one in a million. You do not get to see a contest like that often where you can win as much as $,1000. One lucky winner will win this $1,000 giveaway sweepstakes. Who will it be? You? Me? Join Now!