LinkedIn may be eyeing IPO in 2011

To be the first social network to register for an initial public offering

LinkedIn may become the first social network to register for an initial public offering, according to news reports.

The Wall Street Journal first reported that the social network will file papers in the first quarter of this year in pursuit of an IPO. Despite being a [second-tier player] in the social networking world of [Facebook] and [Twitter] , [LinkedIn] may actually be the first one out of the IPO starting gates.

"LinkedIn would be the first social networking company to go public and it will be a good test of how valuable these companies might be," said Dan Olds, an analyst with The Gabriel Consulting Group. "While LinkedIn isn't Facebook or Twitter, they do have something like 85 million users and a business plan that is at least as developed, or hazy, depending on your perspective, as those at Facebook and Twitter."

Citing unnamed sources, the Journal reported that Bank of America, Merrill Lynch, J.P. Morgan Chase & Co. and Morgan Stanley are underwriting the IPO.

This has been a big week in the social working scene.

Earlier this week, it was reported that [Facebook received] a $500 million influx of cash from Goldman Sachs and a Russian investor. Goldman Sachs, a major investment bank, also valued Facebook at $50 billion.

That significant financial shot in the arm did a lot to validate the business behind social networking, which was considered to be little more than an immature venture without a lot of planning behind it until the last few years.

In late September, reports began to hit the blogosphere that Facebook was a few years away from [its own IPO] .

Facebook board member, venture capitalist and PayPal co-founder Peter Thiel told Reuters at the time that the company was looking at making an IPO sometime after late 2012. With more than [half a billion users] and a massive online presence, Facebook would likely draw a lot of investor interest.

Sharon Gaudin covers the Internet and Web 2.0, emerging technologies, and desktop and laptop chips for Computerworld. Follow Sharon on Twitter at [][@sgaudin] or subscribe to [Sharon's RSS feed][] . Her e-mail address is [sgaudin@computerworld.com] .

[Read more about web 2.0 and web apps] in Computerworld's Web 2.0 and Web Apps Topic Center.

Join the newsletter!

Error: Please check your email address.
Rocket to Success - Your 10 Tips for Smarter ERP System Selection

Tags LinkedInIPOssocial networking

Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Sharon Gaudin

Computerworld (US)
Show Comments

Most Popular Reviews

Latest Articles

Resources

PCW Evaluation Team

Ben Ramsden

Sharp PN-40TC1 Huddle Board

Brainstorming, innovation, problem solving, and negotiation have all become much more productive and valuable if people can easily collaborate in real time with minimal friction.

Sarah Ieroianni

Brother QL-820NWB Professional Label Printer

The print quality also does not disappoint, it’s clear, bold, doesn’t smudge and the text is perfectly sized.

Ratchada Dunn

Sharp PN-40TC1 Huddle Board

The Huddle Board’s built in program; Sharp Touch Viewing software allows us to easily manipulate and edit our documents (jpegs and PDFs) all at the same time on the dashboard.

George Khoury

Sharp PN-40TC1 Huddle Board

The biggest perks for me would be that it comes with easy to use and comprehensive programs that make the collaboration process a whole lot more intuitive and organic

David Coyle

Brother PocketJet PJ-773 A4 Portable Thermal Printer

I rate the printer as a 5 out of 5 stars as it has been able to fit seamlessly into my busy and mobile lifestyle.

Kurt Hegetschweiler

Brother PocketJet PJ-773 A4 Portable Thermal Printer

It’s perfect for mobile workers. Just take it out — it’s small enough to sit anywhere — turn it on, load a sheet of paper, and start printing.

Featured Content

Latest Jobs

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?