Pursuitist
Now Reading
LinkedIn soared 90% above its IPO price
Pursuitist

LinkedIn soared 90% above its IPO price

Avatar photo
Pursuitist Luxury Best Luxury Blog

Congrats to Reid Hoffman, LinkedIn CEO, who has just become Silicon Valley’s Newest Billionaire…

“Social-media companies, take note: LinkedIn Corp.’s swift rise on its first day of trading Thursday proves that U.S. investors are hungry for similar stories. The professional-networking site’s shares opened at $83 on the New York Stock Exchange, up 84% from its initial public offering price of $45. It was recently changing hands at $85.99 a share, up 91%, valuing the company at nearly $9 billion. LinkedIn’s IPO had priced at the high end of its expected $42 to $45 range, which was boosted by $10 earlier this week in the face of strong demand.” – read more from WSJ

View Comment (1)
  • I think many investors are waiting for twitter, facebook, etc… to make it to the public market. In the meantime, Linkedin has been growing steadily over the last 7 years and I think it’s a safe bet. They have been able to incorporate many elements of other social media platforms without losing its essence.



Pursuitist.com is an award-winning 5-star luxury travel & lifestyle blog showcasing luxury cars & drives, fashion & style, gear, real estate, travel, and food & drink.
© 2022 Pursuitist. All Rights Reserved. Site By Parr Interactive.

Scroll To Top