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 Via ANCAPS: LinkedIn shares double on debut

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RR Phantom

RR Phantom

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Via ANCAPS: LinkedIn shares double on debut Vide
PostSubject: Via ANCAPS: LinkedIn shares double on debut   Via ANCAPS: LinkedIn shares double on debut Icon_minitimeThu May 19, 2011 11:04 pm
Shares in business networking website LinkedIn have more than doubled on their trading debut in New York, having been priced at $45 each.

Its share price hit $122 at one point in the sort of debut rally not seen since the dotcom bubble of the late 1990s.

The initial sale price was already at the top of an increased range.

LinkedIn sold 7.84 million shares at $45 each. At $100 a share the company is worth about $10bn.

LinkedIn is the first US social network site to get a share listing.

Some analysts believe its strong debut is down to investors' over-enthusiasm for social media stocks.

"The price we're seeing for LinkedIn shares has nothing to do with the value of the company," says Paul Kedrosky, angel investor and senior fellow at the Kaufman Foundation.

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prisonplanet

prisonplanet


Via ANCAPS: LinkedIn shares double on debut Vide
PostSubject: Re: Via ANCAPS: LinkedIn shares double on debut   Via ANCAPS: LinkedIn shares double on debut Icon_minitimeSun May 22, 2011 10:24 am
won't be long before CIA.. i mean Google buys them out..
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