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LinkedIn IPO Values big

May 9th, 2011 by Joseph Ruthaford

LinkedIn Corp offered 7.84 million shares in its initial public offering, which could be valued at over 3 billion at the higher end of the price offering range. The professional social networking site has over 100 million members worldwide the price of the IPO is between $32 and $35 per share. This can be seen as a big deal as LinkedIn is the first social networking companies to go public. Even ahead of Facebook. LinkedIn is offering 4.8 million shares and the rest by certain of its stockholders. The company expects to receive net proceeds of about $146.6 million from the shares it is offering in the IPO, based on an assumed offering price of $33.50 a share.

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