According to The Wall Street Journal, LinkedIn is within months of pursuing an initial public offering. Analysts indicate that they expect LinkedIn to file their S-1 registration statement during the first quarter of the year. LinkedIn of course is the other oft forgotten social network with the profiles of over 85 million business professionals.
What does a LinkedIn IPO mean for a possible Facebook IPO this year? Absolutely nothing. A mistake would be to think of LinkedIn in terms of Facebook. Where a connection can be drawn between the two companies is in the market outlook for the tech industry. The new valuation of Facebook at $50 billion (put that in perspective, that makes it 1/5th the size of Microsoft in valuation), plus the willingness of LinkedIn to go public expresses a returning business confidence in the tech space. Recession be damned.
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