LinkedIn Eyes IPO Price of $32-$35 a Share

Professional networking site LinkedIn hopes to impress tech-hungry investors eyeing top social media sites such as Facebook and Groupon with its pricey initial public offering of $32 to $35 a share. The Mountain View, Calif.-based website, with some 100 million users, said the offering includes 4.8 million shares and values the company at more than $3 billion. LinkedIn, which has applied to list its shares on the New York Stock Exchange under the symbol “LNKD,” is one of the first U.S. social networking sites nearing an IPO. Its offering would come ahead of the highly anticipated Facebook IPO and could clear the path for other Internet giants such as Groupon and Twitter.

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