As Viadeo Shelves IPO, LinkedIn Set To Begin Trading On Thursday

As one professional network puts its IPO plans on hold, another is readying to go public on Thursday. Reuters reported this morning that Viadeo, the world's second-largest professional network, is putting off its IPO plans to focus on growing its core business. Professional social networking giant LinkedIn is set to begin trading on the New York Stock Exchange this Thursday, under the symbol LNKD. As we wrote last week LinkedIn revealed that it is pricing its IPO between $32.00 and $35.00 per share (for a total of 7,840,000 shares); valuing the company between $3 billion and $3.3 billion. LinkedIn is raising as much as $274 million in the offering.

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