LinedIn Stock First Day Closed at US$ 94.25, UP by 109%

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On debut, LinkedIn priced closed at US$ 94.25 up by 109% from initial offer price of SU$45. At one point of time it was tarding at US$122.69. Howver, in closed at US$94.25, valuing LinkedIn at US$8.9 billion. On commenting on such a huge upward movement in stock prcie that too of first day, Michael Yoshikami, Chief Investment Strategist at YCMNET Advisors, a wealth management firm, “To some extent, investors are buying LinkedIn because they cannot get into Facebook. People are just really desperate to get into social media." Full story here