The future Facebook IPO has been clogging up the headlines as of late, which is keeping another significant social network’s IPO off the radar. LinkedIn, the world’s largest professional social network may offer an initial public offering in 2011. In fact, sources say that it might be specifically because of Facebook’s announcement that they’re trying to beat them to the punch and get some media attention behind it.
So, that begs a question. What’s the public interest in this LinkedIn IPO going to be? And how much is LinkedIn worth? Well, private sales of LinkedIn’s stock put the company’s valuation at $2.2 billion. And just in the past year has LinkedIn really been pushing their advertising relationships.
So, due to the site’s massive popularity with an extremely lucrative market (upper-class professionals), this IPO could be nearly as intriguing as the other social media behemoth’s.