$8.9 Billion LinkedIn Valuation Isn't All that Meets the Eye

Site's IPO worth watching for signs of bubble, however

LinkedIn, the professional networking site, held its initial public offering on Thursday, closing at $94 per share and an $8.9 billion valuation. The 137 percent rise on a stock that started trading at almost twice its initial offering price drew due concern. Had we at last arrived at a bubble to rival that of 1999? If you read any news on Thursday, it was nearly impossible to avoid those voicing such concern. “Everybody is toeing around calling this a bubble,” CNBC’s Mark Haines said.

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