LinkedIn plans to raise up to $175 million in IPO

LinkedIn Corp, whose professional networking site has 90 million users, plans to raise up to $175 million in an initial public offering, according to a regulatory filing. The company, co-founded in 2002 by ex-PayPal executive Reid Hoffman, announced its intention to go public on Thursday, but did not immediately reveal how many shares would be offered or their price range. LinkedIn’s IPO could be a test of investor appetite for social networking websites ahead of a highly anticipated offering from Facebook, the social networking site that has more than 500 million users and has been valued at $50 billion. To read the full story click here

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