LinkedIn valued at over $2 Billion!

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Bloomberg has reported that a hedge fund have just paid $20m for approx. 1% of LinkedIn Corp, paying $21.50 per share. This values the company, which remains privately owned at this point, at a staggering $20 billion!

This was a private transaction, so doesn’t represent new investment. In fact Jeff Weiner, LinkedIn’s CEO, declared “We don’t need the investment”, as they still have the $76m they raised from investors back in 2008 sitting in the bank!

The LinkedIn website now has over 70 million members, of which 4 million + are in the UK. Naturally there is now considerable speculation as to whether LinkedIn Corp will now IPO, whilst they remain the clear leader for business professionals to manage their global networks.

Technology Resourcing manage some of the largest, industry specific networking groups within LinkedIn, including:

So please feel free to apply to join, mentioning this blog entry, and we will ensure your invitation is accepted.