LinkedIn's IPO priced at $45 a share

May 18, 2011

(AP) -- LinkedIn priced its IPO at $45 per share to set up the first stock market debut among a fraternity of Internet networking services that's captivating investors.

The pricing completed late Wednesday marks the final step before LinkedIn Corp.'s shares are available in the public market for the first time in the company's eight-year history. Shares are expected to begin trading Thursday morning.

Most analysts believe the shares are likely to rise Thursday, even though LinkedIn raised the IPO price by 30 percent from its initial target of $32 to $35 per share.

The IPO puts a $4.3 billion market value on , the highest for a U.S. taking its first bow on Wall Street since Inc. went public nearly seven years ago.

Explore further: New iPhones deliver big profits for Apple (Update)

not rated yet
add to favorites email to friend print save as pdf

Related Stories

LinkedIn looking for $32 to $35 per share in IPO

May 09, 2011

(AP) -- Professional networking website LinkedIn Corp. hopes to sell its stock for $32 to $35 per share in an upcoming initial public offering. Its IPO may encourage other growing Internet services to make ...

LinkedIn IPO stirs Internet bubble fears

May 18, 2011

LinkedIn, the professional-networking website firm, said Tuesday it expects to be worth as much as $4 billion when it goes public soon, sparking fears of another Internet bubble. ...

LinkedIn raises IPO ante amid high investor demand

May 17, 2011

Investors are clamoring to connect with the online networking service LinkedIn Corp. in the latest sign of the fervor for Internet companies that specialize in bringing together people with common interests.

LinkedIn looks to link up with investors with IPO

Jan 27, 2011

LinkedIn Corp., the company behind the largest website for professional networking, plans to raise at least $175 million in an initial public offering of stock that could open the IPO floodgates for other ...

LinkedIn connects with ex-Yahoo exec as new CEO

Jun 24, 2009

(AP) -- After six months of grooming, LinkedIn Corp. founder Reid Hoffman has decided former Yahoo Inc. executive Jeff Weiner is ready to take over his job running the Internet's largest site devoted to professional networking.

Recommended for you

Turner channels removed from Dish amid pact spat

1 hour ago

Channels such as Cartoon Network and CNN are no longer part of Dish's programming lineup as a deadline has passed for the satellite TV provider and Turner Broadcasting to renew their distribution agreement.

Verizon reports higher 3Q net income, revenue

2 hours ago

Verizon Communications Inc. on Tuesday reported higher net income and revenue in its third quarter, helped by strong wireless subscriber growth and demand for its FiOS Internet services.

Amazon, Simon & Schuster sign book retail deal

10 hours ago

Amazon has reached a deal with American book publisher Simon & Schuster, the companies said, though the e-commerce giant remains at loggerheads with France's Hachette over e-book pricing.

User comments : 0