LinkedIn IPO: 2 Hours, $8 Billion!

LinkedIn generates around $8 billion in no time ... but is everyone really thinking about someone else?

Nobody expected anything less than a shot to the sky from LinkedIn. The business-focused social media company went public on the New York Stock Exchange this morning, a few blocks from where I sit now. In its first two hours on the NYSE, its value has almost doubled, according to MarketWatch, from its initial price of $45. This means that LinkedIn’s market valuation is approaching $8 bn … a far cry from pre-IPO implied valuations of around $2 bn (e.g.,

AW+

WORK SMARTER - LEARN, GROW AND BE INSPIRED.

Subscribe today!

To Read the Full Story Become an Adweek+ Subscriber

View Subscription Options

Already a member? Sign in