Let IPOs Bloom Again: LinkedIn Files With SEC
LinkedIn, the social network for professionals, announced plans to go public by filing a registration statement with the Securities and Exchange Commission Thursday. LinkedIn's move, while expected, makes it official: We've got an internet IPO boom on our hands, after a long drought following the bursting of the first internet bubble a decade ago and the post-Enron passage of strict rules for public companies that made the prospect of going public less palatable. Demand Media and LinkedIn are the first of what is expected to be a flurry of public offerings by internet companies over the next two years as the economy improves. Ten years later, in 2011, most of the premier internet startups are generating significant revenues, and more importantly, profits, Demand Media notwithstanding.
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