LinkedIn on Tuesday upped the expected price of its planned initial public offering (IPO) to a range of $42 to $45 a share, from its earlier level of $32 to $35 a share.

The Mountain View, Calif.-based online networking service kept the size of the IPO at 7.84 million shares.

Based on the midpoint of the new price range, LinkedIn’s IPO was expected to raise about $341 million with underwriters Morgan Stanley and Bank of America Merrill Lynch.

The company plans to trade on the New York Stock Exchange under the symbol “LNKD.” LinkedIn’s IPO was expected to debut later this week.

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