LinkedIn shares top $90 at IPO, doubling their offering price

Summary:LinkedIn's IPO tops $90 a share, more than doubling the evaluation when trading began today at 10AM EST on the New York Stock Exchange.

One of the most talked about companies in social media as of late has finally done it. LinkedIn (LNKD) started trading on the NYSE this morning at 10AM EST at over $90 per share. After a couple hours they've settled into the $80's range.

LinkedIn has been the ultimate source for business professionals for years now. With several enhancements to user experience, that in some cases are Facebook-like, they've made lots of changes to accommodate businesses and recruiters, opened up their API for third-parties, and have grown considerably year over year. There's no stopping them now from becoming the "Facebook for professionals."

Fellow ZDNet writer Larry Dignan spills more of the details here and speculates on a possible stage to be set for more social media/internet IPO's to come.

[Official Statement]

Topics: Banking, Legal, Social Enterprise

About

Harris has been working with computers for over 35 years and selling and marketing data storage for over 30 in companies large and small. He introduced a couple of multi-billion dollar storage products (DLT, the first Fibre Channel array) to market, as well as a many smaller ones. Earlier he spent 10 years marketing servers and networks.... Full Bio

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