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LinkedIn, the online business networking site, is likely to file regulatory documents for an initial public offering as early as today, according to sources close to the situation.
Sources said LinkedIn is ready to submit an S-1 filing to the Securities and Exchange Commission, its first step in the IPO process and that could happen after the markets close this afternoon.
The offering is likely to be led by Morgan Stanley, although Goldman Sachs is an investor in LinkedIn and could also be part of the underwriting team.
The Mountain View, Calif. company currently has what it describes as “the world’s largest professional network on the Internet with more than 90 million members in over 200 countries and territories.” It has 1,000 full-time employees.
LinkedIn Corporation announced today that it has filed a registration statement with the Securities and Exchange Commission for a proposed initial public offering of its Class A common stock. The number of shares to be offered and the price range for the offering have not yet been determined. A portion of the shares will be issued and sold by LinkedIn, and a portion will be sold by certain stockholders of LinkedIn.
