![]() ![]() Trading or investing in cryptocurrencies carries with its potential risks. Currency trading on margin involves high risk and is not suitable for all investors. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible. Privacy Policy.Risk Disclosure: Fusion Media will not accept any liability for loss or damage as a result of reliance on the information contained within this website including data, quotes, charts and buy/sell signals. Under which this service is provided to you. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018Ĭable News Network. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. None of those firms sold shares in the IPO. Other large shareholders include three big names in the venture capital world: Sequoia Capital, Greylock Partners and Bessemer Venture Partners. The company will not receive any proceeds from the sale of shares by the stockholders. They still own more than 20% of the company's stock - which is worth about $1.8 billion at Thursday's closing price. LinkedIn co-founder Reid Hoffman and his wife, Michelle Yee, sold about 115,000 shares. Who's selling shares: LinkedIn itself sold about 4.83 million shares, and existing stockholders are selling about 3 million. Shares rose 29% on its first day of trading earlier this month, but are now trading below their offering price. The so-called Facebook of China, Renren ( RENN), has also struggled. Demand shares drifted higher the next two months - but then plummeted a whopping 30% in April. ![]() Online content company Demand Media ( DMD) went public in January and rose 33% in its first day of trading. As recently as spring 2009, LinkedIn valued itself at just $2.32 a share.Īnd some other splashy tech IPOs this year have started to fizzle Investors will be looking to LinkedIn's stock performance as a possible indicator of when these four may also look to go public.īubble concerns: Even as LinkedIn shares surged, investors remain concerned about a tech bubble.Īt a $10 billion valuation, LinkedIn is trading at nearly 670 times last year's earnings. The other four - Facebook, Twitter, Groupon and Zynga - are still private. LinkedIn is one of the"Big 5" private tech companies that have attracted massive investor buzz as the tech IPO market thaws.Ġ:00 / 5:07 LinkedIn IPO sets stage for Facebook Prior to last year, the company had been in the red every year since its 2003 inception - except for 2006, when it turned a slight profit on revenue of $32 million. In 2010, the company's last full fiscal year, it earned $15 million in profit on sales of $243 million. ![]() Road to profitability: In an updated SEC filing Tuesday, LinkedIn said it turned a profit of $2.1 million on revenue of $93.9 million in the first quarter. It now has more than 100 million users, with more than half of its members located outside of the United States. I wouldn't be surprised if LinkedIn signs up a lot of new people in the coming weeks."Īs of November, LinkedIn was adding one new user every second. "Linkedin has never been the biggest story in the news, and it may never be again, but it is today," he said. "It's psychological, emotional, pent-up demand for tech IPOs."Įven if the stock price cools, LinkedIn's headline-grabbing day could have positive long-term effects, Wolff said. "There's no standard valuation model that explains the current price," Wolff said. Wolff said LinkedIn's $45 per share pricing was "an aggressive but valid bet on future growth." But he's not so convinced about the resulting run-up Thursday. Max Wolff, senior analyst at GreenCrest Capital, a firm that tracks private companies, said the 7.84 million share offering was "very small and oversubscribed." The company raised more than $350 million in its offering, making it one of the largest tech IPOs since Google ( GOOG, Fortune 500) in 2004. They hit a high of $122.70 in late morning trade before slipping back to close at $94.25 a share.Īt that price, LinkedIn is valued at about $9 billion. The stock opened at $83 and quickly rose above $90, where it stayed for most of the morning. Shares of LinkedIn, which caters to businesses and job seekers, began trading Thursday on New York Stock Exchange under the ticker symbol LNKD ( LNKD). ![]()
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