LinkedIn IPO to be priced, called “LNKD”
Posted by admin | Posted in gop debate | Posted on 28-01-2012-05-2008
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The professional social network LinkedIn is expected to be priced today in its highly-anticipated IPO. on the new York Stock Exchange (NYSE), LinkedIn will be known as “LNKD”.
According to Forbes, LinkedIn’s financial team has raised the asking price from $42/share to $45/share, giving LinkedIn a marketing value of $4 billion dollars. This valuation makes LinkedIn the largest IPO in the US since Google in 2004. Wow.
The company did well in 2010, earning just over $3 million on $243 million in revenue (here).
My bet is that LinkedIn will ride this wave of internet IPOs coming down the pipeline (potentially Facebook, Twitter, Zynga, etc) and increase in value over the next 18 months. Thereafter, who knows.