LinkedIn is planning an initial public offering that could raise as much as $175 million. The LinkedIn IPO may be the first in a string of social media related IPOs in the near future. Groupon and Facebook are expected to test the IPO waters within the next two years. In 2009, total revenue for LinkedIn was $120.1 million which is less than the amount posted for the first nine months of 2010. In July, Tiger Global Management LLC invested $20 million at a valuation of $2 billion.
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Jim Sutliff