LinkedIn's stock up 90 percent in market debut

[dogboy]

NEW YORK – LinkedIn's stock more than doubled in its market debut Thursday because of huge investor demand for the first major U.S. social networking company to go public.

The stock traded at $103 at midday under the symbol "LNKD" on the New York Stock Exchange. That puts the company on track for one of the biggest first-day gains of 2011.

Only Chinese online security company Qihoo 360 Technology Co. has closed higher, ending up 134.5 percent when it debuted on March 30. At $103, LinkedIn's gain is 129 percent.

The last time a U.S. company more than doubled in an IPO debut was Nymex Holdings Inc. in November 2006, according to Dealogic. Nymex, which operated the New York Mercantile Exchange, was acquired by CME Group Inc. in 2008

LinkedIn Corp.'s initial public offering Wednesday night was priced at $45 per share, at the high end of the company's initial target. The company raised $353 million in an IPO that valued it at $4.3 billion. That's the largest valuation for a U.S. Internet company since Google went public in 2004.

- http://news.yahoo.com/s/ap/20110519/ap_on_hi_te/us_linkedin_ipo;_ylt=Aic9JGSEY1f0sxOc2r4S6fx34T0D;_ylu=X3oDMTJsNW1mZ2w2BGFzc2V0A2FwLzIwMTEwNTE5L3VzX2xpbmtlZGluX2lwbwRwb3MDMTgEc2VjA3luX2FydGljbGVfc3VtbWFyeV9saXN0BHNsawNsaW5rZWRpbnNzdG8-

[dogboy]

IPO - Another way to monetize traffic:)

[Travoli]

Question to the CEO on MSNBC today:  "Are you upset that you mispriced this so badly and left so much money on the table?"  hahahah

[jimbanks]

8 billion dollar valuation on 243 million in revenue.

It's like 1999 all over again.

As much as I like LinkedIn as a tool I am still struggling to see where the real revenue stream is going to come.

Did anyone get the prospectus and can help us out?

[GerBot]

They didn't even address this.
The assumption is that some other business, (Google et al) will monetise their date.

Probably through advertising targeting and intelligence.

no way that any ration person expect linkedin to generate the appropriate revenue directly.