You should be knowing the importance and fast growth of social media in business area if you are regular reader of this blog.
As a proof of this Social media growth, the leading social media company LinkedIn is valued at more than $4 billion in its IPO (Initial public Offering).
LinkedIn’s shares will be traded on the NYSE (New York Stock Exchange) under the symbol “LNKD”.
LinkedIn has priced its shares at $45. (Update: It surged to $80+ at the opening of trading)
LinkedIn's founder Reid Hoffman and its three top venture backers will own a combined stake of about $2.5 billion after an eight-year wait for the first IPO of the LinkedIn, a major U.S social-media company.
Jeff Weiner is the CEO of LinkedIn. He is the former Yahoo Inc. executive and he is running the professional networking company "LinkedIn" for the past two years.
|Reid Hoffman - LinkedIn Founder|
More than 102 million people have set up LinkedIn profiles so far. Another million join each week.
|Chart Source- BusinessInsider.com|
BusinessInsider.com says "IPO of LinkedIn is a unique opportunity for investors to own a truly special and rare Internet company"
And, Forbes says "With LinkedIn IPO, B2B Marketing Gets The Spotlight".
Find below the IPO Stats.
Issuer Name: LinkedIn Corporation
Ticker: LNKD (NYSE)
Issue Type: IPO
Deal Size: 7,840,000 Shares ($352.8MM) (4,827,804 Primary / 3,012,196 Secondary)
Greenshoe: 1,176,000 Shares (15%) (100% Primary)
Initial Range: $32.00 – $35.00
Revised Range: $42.00 – $45.00
Offer Price: $45.00
Trade Date: 05/18/2011
Settle Date: 05/24/2011
Bookrunners: MS, JPM, BAML
Co-Mgrs: Allen & Co, UBS
What do you think about IPO of LinkedIn? Will Linkedin's IPO be a big success? Or will it lead to Social Media "bubble"? You can share your thoughts thro' the comments section.
You can subscribe to our Email posts, and you can bookmark this blog for further reading, or you can subscribe to our blog feed.