Linkedin IPO Symbol
May 19, 2011 by staff
Linkedin IPO Symbol, Mountain View social networking site for professionals, LinkedIn has priced its initial public offering on the top and 45 per share, which is the largest Internet IPO in U.S. since Google went public and shows the voracious appetite of investors of social networking sites.
LinkedIn investors including Goldman Sachs, is selling $ 352.8 million and equity in its IPO, which opens Thursday and is listed on the New York Stock Exchange under the symbol LNKD. Subscribers also have the option to sell another 1.1 million shares, raising the total amount collected and 405 million. 45 and a share price values?? The networking website and in little more than 4 billion.
The IPO has hit frenzy on Wall Street, especially as LinkedIn is the first social media company to go public in the United States. The IPO values?? The company also 9 years and 4.3 billion, more than any other U.S. Internet company at the time of IPO since Google in 2004.
The confidence level of LinkedIn is also high, as it was only earlier this month that the company had established its distribution and intellectual property offices in 32 and 35 per share, which values?? The company at about 3 million and dollars.
Moreover, several other social Internet companies, ranging from Facebook Inc. for Groupon Inc. have generated great interest in private equity financing, increasing its ratings
However, the excitement surrounding the IPO may be exaggerated as 352.8 million and LinkedIn IPO will be the fifth highest bid for the Internet software and services in the United States, according to Capital IQ and Standard & Poor. LinkedIn Before Google, which rose to 1670 million in August 2004, Navteq (and 880 million in August 2004), Savvis (and 408 million in February 2000) and Northpoint Communications (and $ 360 million in May 1999)
Some marketanlysts are also skeptical about the IPO as based on its growth trajectory, LinkedIn is selling around 46 times projected 2011 earnings ie the implementation of the assessment is being carried out ahead of its fundamentals.
And while the company’s revenue doubled last year ($ 243,100,000), there are doubts that it will be able to repeat again. Why? Because it was only until last year the company had been in the red every year since its creation 2003. The only exception was 2006, when he turned a small profit on revenue and 32 million.
Moreover, we accept the fact – LinkedIn is Facebook, Twitter or MySpace.
LinkedIn makes Google? Is unlikely. We struggle, as the Facebook of China called, Renren, whose shares rose 29 percent in its first day of trading, but has since fallen and now trade below their offering price? It is too early to tell.
But we will not spoil the fun, as LinkedIn network will be the first to publicize and to test the appetite of the public securities market of social media. And that’s a big step, and brave.
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