LinkedIn sees IPO of up to $274 mn

CIOL Bureau
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BANGALORE, INDIA: LinkedIn Corp said it would offer 7.8 million shares in its initial public offering at between $32-$35 apiece.


At the high end of the price range, the company, which owns LinkedIn - the online social network for professionals and job seekers - could raise up to $274 million through the offering.

The company, which has 100 million members worldwide, is offering 4.8 million shares, with the rest being offering by selling stockholders.

In January, LinkedIn had filed with U.S. regulators for an IPO to raise up to $175 million.