Andre Yoskowitz
6 Jan 2011 18:59
The 'professional' social networking site LinkedIn will go public this year, having already nearly selected its bank underwriters.
Bank Of America, JPMorgan Chase and Morgan Stanley are the current front-runners, say sources, via Reuters.
When asked for comment, a LinkedIn spokesman said: "An IPO is just one of many tactics that we could consider."
LinkedIn, Twitter and popular social gaming company Zynga have all considered IPOs (initial public offerings) for 2011, beating out social networking behemoth Facebook, which is expected to go public in 2012 (or at least begin disclosing their financials publicly).
The service is hoping to attract investors using its "reputation as one of the Web's fastest growing social network sites."