Shortly after LinkedIn, the popular professional networking site, went public yesterday morning, its valuation hit $9 billion, even though the company only makes $15 million a year in profit. Have we taken a time machine back to 1999? Is LinkedIn's rocket stock evidence of a new tech bubble, about to be inflated further by likely IPOs from Groupon, Facebook, Zynga, and Twitter? Or is this a reasonable valuation, given pent-up investor demand, the company's strong fundamentals, and its capacity to grow?[more.
LinkedIn is valued at $8.79 billion after its first day as a public company. Founder and chairman Reid Hoffman and friends are drinking champagne tonight, that is for sure. It is the highest valuation after and IPO of a tech company... Read Post
Professional social network LinkedIn has priced its IPO at $45 per share, according to a release issued on the company's site. This is at the high end of the range, which was estimated at $42 to $45 per share yesterday. This puts th... Read Post