LinkedIn Soars

I haven’t written about the LinkedIn ($LNKD) IPO since, honestly, I don’t know much about these types of businesses. It’s rare for people who write about investments to confess their ignorance, so I may be breaking some sort of rule.

Nevertheless, shares of LNKD were priced at $45 yesterday.

The opening trade = $83. Bespoke notes that at this rate, LNKD will be bigger than 136 companies in the S&P 500.

The stock has now gotten as high as $90. This means that a company worth $8.5 billion made a grand total of $15 million last year.

Posted by on May 19th, 2011 at 10:11 am


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