LinkedIn is understood to be seeking a new international headquarters in Dublin, as the professional social- networking company expands its overseas operations.
IDA Ireland is said to be working with LinkedIn on a plan to lease as much as 160,000 square feet (15,000 square meters) in Dublin. Richard George, a spokesman for the Mountain View, California-based company, declined to comment.
LinkedIn, whose shares have more than tripled since the company’s 2011 initial public offering, is headed for its fifth straight quarter of decelerating sales growth.
To expand its potential revenue base, LinkedIn is seeking to reach workers overseas, add mobile features and make acquisitions. The company employs more than 450 people Wilton Place in Dublin and first opened an office in the city in 2010, Mr George said.
“Dublin is now host to a major global tech cluster and IDA works continuously with a wide range of companies on potential opportunities available to their operations in Dublin,” IDA Ireland said in an email. It declined to comment specifically on LinkedIn’s possible expansion.
LinkedIn’s international sales rose 54 per cent to $176.1 million in the fiscal fourth quarter and accounted for 39 per cent of the total, 1 percentage point more than a year earlier.
Bloomberg
