LinkedIn Corp, a website where professionals connect with one another, said its initial public offering will likely raise 30 percent more than previously expected, a sign that investors are eager to bet on social networking companies.
LinkedIn now plans to sell shares at $42 to $45 each, up from a previous range of $32 to $35. At the middle of that range, the nine-year-old company would be valued at $4.11 billion (2.52 billion pounds), or about $40.30 per registered user.
