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    LinkedIn IPO and the Stock Surge

    By JULIE CRESWELL
    Published: May 22, 2011

    Stan Honda/Agence France-Presse -- Getty Images

    Reid Garrett Hoffman, left, and Jeff Weiner of LinkedIn.

    In a sizzling debut last week on the New York Stock Exchange, investors sent stock in LinkedIn, the social-networking site for business professionals, soaring 109 percent on its first day of trading. While the enthusiasm subsided a tad the next day, LinkedIn’s shares still closed the week at around $93, more than twice the company’s initial offering price. This put the value of the company, which made $15 million in profit last year, at more than $8 billion.

    From Wall Street to Silicon Valley, the debate was whether this stunning performance echoed the late 1990s, when the bubble around dot-com companies began to inflate. On its first day of trading in 1995, Netscape stock doubled in price. Yahoo shares rose 154 percent on its 1996 offering. TheGlobe.com shot up to $97 from $9 in its first day of trading in 1998, giving it a valuation of about $850 million.

     

    Read the rest of the article here: http://nyti.ms/iLaaPW

    • 22 May 2011
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  • Shezi Sardar's Space

    Shezi is a media and technology lawyer in New York City, with a penchant for entrepreneurship in emerging industries. He is a co-founder of Global Executive Board, a social media advisory services company.

    An avid blogger and industry journalist, Shezi also blogs at The Laughing Owl. He is also a member of the International Trade Committee of the NYC Bar Association, a nominated position, and is admitted to practice law in NY.

    Sardar Law Firm LLC
    www.sardarlawfirm.com

    Profiles
    http://about.me/shezisardar
    http://flavors.me/shezisardar

    Blogs:
    The Laughing Owl http://thelaughingowl.tumblr.com
    Shezi & S. http://shezisardar.posterous.com

    Twitter:
    @shezisardar
    @socialmedia_law
    @sardarlawfirm

    Email: sardar [at] sardarlawfirm.com

    Contributed by Shezi Sardar

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    • Shezi Sardar
  • About Shezi Sardar

    Shezi is a media and technology lawyer in New York City, with a penchant for entrepreneurship in emerging industries. He is a co-founder of Global Executive Board, a social media advisory services company.

    An avid blogger and industry journalist, Shezi also blogs at The Laughing Owl. He is also a member of the International Trade Committee of the NYC Bar Association, a nominated position, and is admitted to practice law in NY.

    Sardar Law Firm LLC
    www.sardarlawfirm.com

    Profiles
    http://about.me/shezisardar
    http://flavors.me/shezisardar

    Blogs:
    The Laughing Owl http://thelaughingowl.tumblr.com
    Shezi & S. http://shezisardar.posterous.com

    Twitter:
    @shezisardar
    @socialmedia_law
    @sardarlawfirm

    Email: sardar [at] sardarlawfirm.com

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