• by Mark Walsh  @markfwal, January 27, 2011

LinkedIn has filed with the SEC for an initial public offering to raise up to $175 million, but that figure could go higher based on investor demand for the offering. For the nine months ended Sept. 30, 2010, the company's net revenue was $161 million, up from $80.8 million in the year-earlier period. Net income was $10 million compared to a loss of $3.4 million a year ago.

The professional networking site, which has 90 million members, said about a third (32%) of its revenue came from display and text advertising and its self-serve ad system. The bulk of sales (41%) came from its recruiting-related services and job listings posted on the site. Read more here.