Tuesday, November 1, 2011

LinkedIn Doubling Headquarters Space Amid Growth Spurt!

SAN FRANCISCO (Dow Jones) -- LinkedIn Corp. (LNKD) is pushing ahead with a dramatic expansion at its Silicon Valley headquarters, as the online professional networking firm enjoys a period of dramatic post-IPO growth.

LinkedIn is looking to more than double the space it occupies at its Mountain View, Calif. headquarters, by leasing over 158,000 additional square feet in existing buildings and adding roughly 70,000 square feet in a new building on the property, according to a regulatory filing on Monday.

The company currently leases nearly 190,000 square feet of space at its headquarters.

The amendment to LinkedIn's existing lease adding the new square footage was entered into last week, according to the filing.

LinkedIn, which was founded in 2003, says it now has over 120 million members on its networking service. In addition to Silicon Valley, the company has offices in New York, Chicago and several overseas locations.

As of June 30, LinkedIn had 1,515 employees, more than double the total it had at the same date in the prior year, according to regulatory filings.

In August, LinkedIn reported that second-quarter revenue more than doubled to $121 million, while earnings rose to 4 cents a share, from 2 cents a share a year earlier. 






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