LinkedIn Corporation, which developed and manages the world's leading online professional network with more than 90 million members in over 200 countries, announced terms for its IPO on Monday. The Mountain View, CA-based company plans to raise $263 million by offering 7.8 million shares at a price range of $32 to $35. At the mid-point of the proposed range, LinkedIn Corporation will command a market value of $3.3 billion. LinkedIn Corporation, which was founded in 2003 and booked $292 million in sales for the 12 months ended March 31, 2011, plans to list on the NYSE under the symbol LNKD. Morgan Stanley, BofA Merrill Lynch, and J.P. Morgan are the lead underwriters on the deal, which is expected to price during the week of May 16.
