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

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

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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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