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"LinkedIn will offer 7.84 million shares in its initial public offering at $32 to $35 per share, which would value the company at around $3 billion. After fees and taxes, the company expects to receive net proceeds of about $146.6 million.\nLinkedIn announced its intention to file for an IPO in January, with plans to raise $175 million. Back then, LinkedIn was valued at $2.51 billion based on trades of its shares on secondary market SharesPost. \nThe business-oriented social network boasts more than 100 million users as of March 2011. It became profitable in 2010, with a net income of $10.1 million and a net revenue of $161.4 million in the first 9 months of 2010. In the first quarter of 2011, LinkedIn's revenue grew significantly to $93.9 million, a 110% increase from the same period last year, and its net income grew to $2.08 million, up from $1.81 million in Q1 2010. \nWith some investors, including Warren Buffet, thinking many social media companies are overpriced, it'll be interesting to see how the market will react to LinkedIn's IPO, especially given the company's positive business results in Q1 2011. \nCheck out our detailed overview of LinkedIn's IPO."^^<http://www.w3.org/2001/XMLSchema#string>
<http://mashable.com/2011/05/09/linkedin-ipo-3-billion/>