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Thursday, January 6, 2011

RPT-LinkedIn plans to go public in 2011-sources, (NYSE: MS), (NYSE: BAC), (NYSE: JPM)

LinkedIn, the social networking site for professionals, plans to go public in 2011 and has selected its financial underwriters, three sources familiar with the process told Reuters. Morgan Stanley (MS.N), Bank of America (BAC.N) and JPMorgan (JPM.N) are among the book runners, these sources said. Bankers made their pitches to the privately-held company in November, one of the sources said. "An IPO is just one of many tactics that we could consider," a spokesman for LinkedIn said on Wednesday. He declined further comment.