Linkedin Plans IPO in 2011

LinkedIn is planning to go public at an estimated value of more than $2bn, according to reports that it is looking to float on the New York Stock Exchange this year.

This week, Facebook secured investment from financiers which valued the company at $50bn (£32.2bn). It’s said to be putting off flotation until at least 2012, and LinkedIn is reportedly looking to go public ahead of Facebook to get maximum value.

Reuters reports that LinkedIn has already chosen its financial underwriters and that the book runners or lead underwriters were Morgan Stanley, Bank of America and JPMorgan.

In November, LinkedIn launched a major consumer campaign across Europe. It is also reported that Linkedin has hired  Morgan Stanley and JPMorgan Chase  of New York, Charlotte, North Carolina-based Bank of America Corp.,to advise on an initial public offering this year, 

Estimates of  Linkedin 2010 revenue are $200 million. LinkedIn says it has been operating cash flow positive for the last couple of years, and hasn’t even needed to use money it raised in 2008.