NEW YORK (
said it expects its initial public offering of 7.8 million shares to be priced at between $32 and $35 a share.
The company is offering 4.8 million shares. The company's stockholders plan to sell 3 million shares. At the high end of the price range, the company could raise up to $274 million through the offering.
After the IPO, LinkedIn will have two classes of authorized common stock, Class A common stock and Class B common stock. The company applied to list its Class A common stock on the
New York Stock Exchange
under the symbol "LNKD."
LinkedIn Corp. owns the online social network for professionals and job seekers, LinkedIn.com, which has 100 million members worldwide.
In January, LinkedIn filed with U.S. regulators for an IPO to raise up to $175 million.
--Written by Theresa McCabe in Boston.
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