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

This is icon for social networking website. Th...                                                
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

No comments:

Post a Comment