LinkedIn to raise $175 million in IPO

29 Jan 2011

1

Investors are closely studying the financial details disclosed by LinkedIn Corp in its IPO filing, to determine the company's real worth. The company filed to raise $175 million in an IPO on Thursday.

The company is attracting significant interest as the first social networking company to initiate the process of becoming publicly traded, though financial attractiveness of investing in it is an open question.

According to analysts, it is only recently that the site's earnings have turned positive.

The company has reported increasing revenue over each of  the past seven quarters and has posted several quarterly losses during that period -- $2.9 million in the March 2009 quarter.

However, it has been profitable for the past two quarters, its filing with the US Securities and Exchange Commission shows.

According to LinkedIn, it expects its rate of revenue growth to fall and does not expect it to be profitable on a GAAP basis in 2011 due to investment in its growth.

Business History Videos

History of hovercraft Part 3...

Today I shall talk a bit more about the military plans for ...

By Kiron Kasbekar | Presenter: Kiron Kasbekar

History of hovercraft Part 2...

In this episode of our history of hovercraft, we shall exam...

By Kiron Kasbekar | Presenter: Kiron Kasbekar

History of Hovercraft Part 1...

If you’ve been a James Bond movie fan, you may recall seein...

By Kiron Kasbekar | Presenter: Kiron Kasbekar

History of Trams in India | ...

The video I am presenting to you is based on a script writt...

By Aniket Gupta | Presenter: Sheetal Gaikwad

view more