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LinkedIn Boosts IPO, Valuing Site at More Than $3 Billion

LinkedIn Corp. increased its planned initial public offering, valuing the largest professional social-networking website at more than $3 billion.

The company now plans to sell as much as $315.6 million of shares to expand the business, according to regulatory filing today. In January, the Mountain View, California-based company said it planned to raise as much as $175 million through an IPO.