Thursday 19 May 2011

LinkedIn IPO prices at $45 per share, top of range

Reuters - LinkedIn sold shares at the top of an already raised price range in its initial public offering on Wednesday, signaling that stock investors are eager to buy shares of social networking companies even if valuations are lofty.

It sold 7.84 million shares for $45 each, for a total of$352.8 million, as investors see the potential for the professional networking site to link companies with customers

and job seekers. The company's shares are expected to begin trading on the New York Stock Exchange on Thursday under the symbol "LNKD".

Read More.....
LinkedIn IPO prices at $45 per share, top of range