High demand for LinkedIn despite controversial IPO structurePosted by RJ and Makay on May 12, 2011 |
LinkedIn is the top networking site of its kind. It is an essential, leading social media recruiting tool in the financial sector. Internal and external recruiters, along with human resource departments, extensively use it to match job candidates to available jobs.
The company, located in Mountain View, California, is planning an initial public offering that could value the firm at more than $3 billion. The firm plans to sell stock at $32 to $35 per share. As the first social networking company to go public, LinkedIn is capturing the attention of investors seeking to cash in on a hot area of the technology sector.
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