LinkedIn to go public: May beat Facebook

After the recent news about the huge amount of investment Facebook is achieving we also wrote about how Facebook may go public with an IPO, possibly in 2012. Now it appears that LinkedIn, the popular business-orientated social networking site, may just beat Facebook to it with plans to go public.

Stewart Mitchell over on PC Pro reports that LinkedIn plan the move for 2011 and has already chosen financial underwriters in preparation. Apparently bankers in the running for the IPO are Morgan Stanley, JPMorgan and the Bank of America and a LinkedIn spokesman said, without giving too much away, “An IPO is just one of many tactics that we could consider.”

It’s thought that the move may have been spurred by reports of Facebook going public. As one source said, “Some of these companies want to go public because they want to beat Facebook and others out. If Facebook went public before LinkedIn, do you think anyone would pay that much attention to LinkedIn? You might want to surpass the beast.”

LinkedIn currently has 85 million members and is one of the fastest-growing social networking site. Michael J. De La Merced and Evelyn M. Rusli over on The New York Times also report in detail about the LinkedIn plans, first reported by Reuters, so if you want to know more check out the article at the link. What are your thoughts on LinkedIn going public? Do you think it’s a wise move to beat Facebook to it? We’d appreciate your comments on this.

  • http://twitter.com/murray_tracy @murray_tracy

    Debbie,

    Any idea which company has more longevity?