LinkedIn IPO: 7.84M Shares at $32-$35 Each

The details are in for the upcoming initial public offering from LinkedIn: The professional networking site will offer a total of 7.84 million shares, priced at $32-$35 each, as reported by TechCrunch.

The total offering is valued at $175 million, and the company currently has 94,498,627 shares outstanding, according to TechCrunch, which added that LinkedIn expects to raise some $146.6 million after fees and other expenses, which it will use for general corporate purposes or acquisitions in complementary technologies.

Chairman and co-founder Reid Hoffman is the largest shareholder in LinkedIn, controlling 21.4 percent of the company, TechCrunch reported.

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