Business

Networking site LinkedIn prepares for a possible IPO

LinkedIn Corp., the largest networking website for professionals, has hired banks to advise on an initial public offering this year, according to two people familiar with the IPO plans.

LinkedIn is working with Morgan Stanley, JPMorgan Chase & Co. and Bank of America Corp. to complete an IPO prospectus by the end of the first quarter, said one of the people, who asked not to be identified because the information is private. Shannon Stubo, a spokeswoman for LinkedIn, said “an IPO is one of many tactics that we could choose to pursue.”

Full story: LinkedIn Said to Hire Banks to Advise on 2011 U.S. IPO