Job-connections engine LinkedIn has completed a private sale of 95,500 at $30.79 a piece, according to SharesPost, putting the companies value at $3 billion, according to Bloomberg.
This is a step up from the $2.5 billion being floated during the run up to yesterday’s IPO filing.
A year ago the company broke the $2 billion barrier with an investment from NY based firm Tiger Global.
Jim Breyer of Accel Partner’s, one of the earliest investors in Facebook, doesn’t see a LinkedIn IPO as a good move.
“I would not. I like to wait a little bit longer. I don’t think there’s any rush to go to the public markets. And certainly the advice we give to our CEOs is take time, remain private as long as you can, build the business, build the profitability, and most importantly keep the product passion that is the definition of all the great companies out there. The ones who don’t have the long-term, deeply intense 24/7 product passion hit the rails, and I would point to Yahoo and AOL as two that have certainly done that.”
mtaylor [at] observer.com | @mbrookstaylor