LinkedIn Shares Soar!

Wall Street will no doubt be keeping an eye on LinkedIn today. 

Shares in the professional networking website more than doubled yesterday on the first day of trading for its initial public offering.  They opened the day at 45 dollars and closed at 94 dollars and 25 cents on the New York Stock Exchange.  LinkedIn had raised its share price range by ten-dollars earlier in the week in a sign of expected investor interest in social networking companies.  And it looks like they may have been right as the company has sold about eight million shares so far at 45 dollars each.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s