Thursday Is the Day for LinkedIn’s IPO

While “The Social Network” is reportedly discussing an initial public offering with bankers, the professional networking site will actually launch its IPO Thursday, as MarketWatch reports that LinkedIn is all set to go.

While “The Social Network” is reportedly discussing an initial public offering with bankers, the professional networking site will actually launch its IPO Thursday, as MarketWatch reports that LinkedIn is all set to go.

LinkedIn announced the details of the IPO earlier this month, saying it would offer 7.84 million shares, priced at $32-$35 each, with the total offering valued at $175 million, and adding that it expected to raise some $146.6 million after fees and other expenses, which it will use for general corporate purposes or acquisitions in complementary technologies.

MarketWatch reported that LinkedIn will launch on the New York Stock Exchange Thursday, under the ticker symbol “LNKD,” marking the first IPO for a social network.

As reported by MarketWatch, IPO Boutique senior managing partner and principal research Scott Sweet wrote in a note to clients on Sunday, “This will certainly act as a barometer and guide others that are contemplating doing the same … as to price points.”