LinkedIn Preps a Bigger IPO, but It's No FacebookRyan Kim
LinkedIn, the business professional social network, is upping its expectations for its much-anticipated initial public offering, which it now believes can pull in as much as $274 million.The company released the pricing for its IPO Monday morning, May 9, and is now prepared to offer 7.84 million shares at $32 to $35 each, according to its updated S-1. Its optimism is a good sign for LinkedIn, but may not be a good indicator about the overall appetite for more consumer-oriented tech firms such as Facebook and Zynga, which have very different business models.
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