The popular business networking site “LinkedIn” has filed for an IPO worth an estimated $175 million dollars. Co-founder and billionaire in the making Reid Hoffman, made the announcement yesterday, but did not indicate how many shares or at what price range they would be offered. The company has approximately 90 million users and is currently free to use, but represents great potential in different monetizing strategies for its mostly well heeled members. The LinkedIn IPO will set the stage for social networking giant Facebook whose IPO will likely occur in calendar 2012.
