Monday, May 16, 2011

LinkedIn IPO Set For Thursday

San Francisco-based LinkedIn is expected to hit the markets Thursday in its IPO, according to reports today. LinkedIn is looking to sell 7,840,000 shares of its stock on the New York Stock Exchange as LNKD. The firm set its initial pricing range at between $32.00 and $35.00 per share last Monday. LinkedIn is venture backed by by Sequoia Capital, Greylock Partners, and Bessemer Venture Partners. The firm's IPO is being underwritten by Morgan Stanley, BofA Merrill Lynch, J.P. Morgan, Allen & Company, and UBS Investment Bank.