LinkedIn Going Public —to Trump Facebook

Financial underwriters already selected, say sources
By Evann Gastaldo,  Newser Staff
Posted Jan 6, 2011 8:26 AM CST
LinkedIn Chairman and founder Reid Hoffman poses for a photo at his company headquarters in Mountain View, Calif., on Sept. 28, 2007.   (AP Photo/Tony Avelar)

(Newser) – Facebook may not be going public just yet, but LinkedIn sure as heck is. The professional networking site will go public this year, multiple sources tell Reuters, although a company rep officially calls an IPO “just one of many tactics that we would consider.” Why are they doing it? Says one source, “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.”

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