LinkedIn has confirmed that it is to go public soon with the filing of its registration statement for an Initial Public Offering.
The registration statement was filed with the Securities and Exchange Commission, with LinkedIn hoping to flog off some of its Class A shares, but the number and price of that stock has yet to be decided.
Some shares will be sold by LinkedIn itself and others by stockholders. Morgan Stanley & Co, BofA Merill Lynch and J.P. Morgan Securities will be the bookrunners for the deal. Allen & Co and USB Securities will be co-managers.
Earlier this month it was reported that LinkedIn was likely to go public this year, with a number of the above companies offering their services as underwriters.
Today’s confirmation brings this process into full swing, which could have a major impact on other social networks, such as Facebook.