Hypo Venture Capital Zurich Headlines: LinkedIn looks for $32 to $35 per share in IPO | bloodyhalette | Social-Bookmarking.Net
NEW YORK — Professional networking website LinkedIn hopes to sell its stock for $32 to $35 per share in an upcoming initial public offering. Its IPO may encourage other growing Internet services to make their stock market debuts during the next year.
The price target, set in a filing Monday with the Securities and Exchange Commission, signals that LinkedIn is nearly ready to complete its IPO. The shares are expected to be sold May 18, according to IPO analyst Scott Sweet. The stock would then begin trading under the ticker symbol of “LNKD” on the New York Stock Exchange.
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