LinkedIn Sets Its IPO Valuation Above $3 Billion

jeff weiner linkedin
LinkedIn CEO Jeff Weiner

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LinkedIn has set its price for its IPO, MarketWatch reports.The company will be raising $271 million at a $3-3.3 billion valuation. It is pricing at $32-35 per share with 94.5 million shares outstanding.

LinkedIn reported revenues of $161 million in the 9 months to September 2010 and expects to be unprofitable in the next few years, according to its IPO filing.

(Via @ComfortablySmug on Twitter.)

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