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