LinkedIn Plans $175M Public Offering

Professional networking site LinkedIn is planning to raise up to $175 million in its initial public offering, Reuters reported, citing a regulatory filing. Formed in 2002, the company announced its plans for an IPO on Thursday. LinkedIn is backed by investors including Greylock Partners, Bessemer Venture Partners, Goldman Sachs and Sequoia Capital. Morgan Stanley, Bank of America and JPMorgan are among the bookrunners for its IPO, Reuters said.

DealsNorth AmericaUSBriefs