http://fishercapitalmanagementnews.com/2011/05/fisher-capital-management-news-directorylinkedin-prices-ipo-at-45-value-at-4b/
Silicon Valley / San Jose Business Journal
Date: Wednesday, May 18, 2011, 2:28pm PDT – Last Modified: Thursday, May 19, 2011, 9:43am PDT
Date: Wednesday, May 18, 2011, 2:28pm PDT – Last Modified: Thursday, May 19, 2011, 9:43am PDT
Read more: LinkedIn prices IPO at $45, value at $4B | Silicon Valley / San Jose Business Journal
LinkedIn Corp. on Wednesday priced its initial public offering at $45 per share, bringing the networking site’s valuation to more than $4 billion.
Mountain View-based LinkedIn, which is scheduled to begin trading Thursday under the ticker symbol LNKD on the New York Stock Exchange, on Tuesday raised its price range $10 per share, or $42 to $445.
In its regulatory filings LinkedIn said it expects revenue to slow and doesn’t expect profitability in 2011.
LinkedIn said it earned $3.4 million in 2010, compared to a $4 million loss the preceding year. Revenue more than doubled to $243 million.
The number of people using LinkedIn grew to more than 100 million members in 2010 from about 64 million in 2009.
Mountain View-based LinkedIn, which is scheduled to begin trading Thursday under the ticker symbol LNKD on the New York Stock Exchange, on Tuesday raised its price range $10 per share, or $42 to $445.
In its regulatory filings LinkedIn said it expects revenue to slow and doesn’t expect profitability in 2011.
LinkedIn said it earned $3.4 million in 2010, compared to a $4 million loss the preceding year. Revenue more than doubled to $243 million.
The number of people using LinkedIn grew to more than 100 million members in 2010 from about 64 million in 2009.
Read more: LinkedIn prices IPO at $45, value at $4B | Silicon Valley / San Jose Business Journal
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