According to Reuters, which cited unnamed people familiar with the matter as sources, JPMorgan, Bank of America and Morgan Stanley are to organise the initial public offering (IPO) with the Securities and Exchange Committee (SEC).
LinkedIn is thought to have made the decision to file for a public listing during the final quarter of 2010 and is expected to complete the process by the end of the first quarter of this year.
A spokesman for the website said: âAn IPO is one of many tactics that we could choose to pursue. We are focused on building our business and doing what is in the best long-term interest of LinkedIn members and shareholders.â
News of the firmâs IPO plan arrives after Facebook received millions of dollars of investment from Goldman Sachs and Russian firm Digital Sky Technologies earlier this week.
The two firms invested a total of $500 million into the social networking website and is reportedly contemplating launching an IPO in 2012.
An enquiry by the SEC has been set up to investigate an investment vehicle created by the bank to assess whether it has been created in order to overcome disclosure rules for privately held firms.
By Jim Ottewill