Related Posts: Attn Entrepreneurs: Mark Zuckerberg Isn’t the Role Model. Here’s LinkedIn’s announcement announcing its debut on the NYSE. The funds could also be used for acquisitions or investments in complimentary technologies. However, it was nowhere near its 2016 all-time high price and close to its 2011 IPO price. On its last trading day, LinkedIn finished at 195.96. The tech giant proposed to buy the company for 196 per share. Two of our advisors hold the Chartered Market Technician (CMT) designation. Prior to Microsoft’s offer, LinkedIn was trading at 131 per share. LinkedIn says it will use the funds from the offering for general corporate purposes, including working capital, sales and marketing activities, general and administrative matters and capital expenditures. Corporate executives with stock-based compensation plans can depend on our. Net income increased to $2.08 million, from $1.81 million in Q1 2010. The company just reported that Q1 revenue in 2011 was up 110 percent to $93.9 million. If the company sold the over allotment, LinkedIn’s valuation could be as high as $8 billion. Currently there are 94.5 million shares outstanding plus 1,176,000 shares to cover over-allotments. LinkedIn is offering a total of 7,840,000 shares and is looking to raise as much as $406 million in the offering. It’s now up to $90 per share, but is fluctuating. It is traded on the NASDAQ stock exchange, and lately its running 150 to 160 per share, depending on market fluctuations. Today, the company began trading at $83.00 per share, a 84 percent increase from $45 per share. As we learned yesterday, LinkedIn priced its IPO at $45 per share, giving the company a valuation of $4.5 billion. After filing its S-1 with the SEC in January, the company has begin trading its shares, under the symbol LNKD, on the New York Stock Exchange this morning. This is a big day for professional social network LinkedIn, which was founded in 2003.
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