LinkedIn, the online business networking site, is likely to file regulatory documents for an initial public offering as early as today.
The first step in the IPO process will be submitting an S-1 filing to the SEC, 
and that could happen after the markets close this afternoon. The offering is likely to be led by Morgan Stanley, although Goldman Sachs is an investor in LinkedIn and could also be part of the team.
The Mountain View, Calif., company currently has what it describes as “the world’s largest professional network on the Internet with more than 90 million members in over 200 countries.” It has more than 1,000 full time employees.
LinkedIn’s entry into the public market is one that many expect will be followed by other Internet firms in the coming year, including Zynga (of Farmville fame), Twitter, and most anticipated of all, Facebook.
How much is LinkedIn worth? According to a NetworkEffect post, “recent purchases of its stock have valued the company at more than $2 billion. Pushing the company toward the public markets would help set a price range up higher.”
LinkedIn was founded in the living room of co-founder and Chairman Reid Hoffman–who is also a well-known Silicon Valley entrepreneur and investor–in 2002 and launched in 2003. Its current CEO is former Yahoo exec Jeff Weiner.
Its investors include Sequoia Capital, Greylock Partners and several others, with a total venture funding of $103 million.
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