LinkedIn Share Price Doubles In NYSE

LinkedIn (LNKD) Share Price Almost Doubles In NYSE: LinkedIn Shares jumped up to 90 percent in their trading debut to the public. Shares price rose to $ 85.18 in morning trading on the New York Stock Exchange, 89.3 percent above their $ 45 initial public offering. Pushing the market value of the company at about $ 8 Billion.

LinkedIn is the first leading U.S. social networking to test how public investors are hungry for the Web 2.0 people that people are turning to other hot names in space: facebook, Groupon , Twitter, and Zynga.

The company increased its expected price range of $ 10 on Tuesday at $ 42 to $ 45 per share.
Source Huffingtonpost


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