LinkedIn Corporation (NYSE: LNKD) has just opened and the price was at $83.00 per share after a $45.00 pricing. We conducted a poll after the social media outfit raised its IPO price range by about 30%, and the results we had on a preliminary indication showed that the $42 to $45 price was already too high. It turns out that the smallest group looking for the highest price was the right group.
As of yesterday we were expecting a post-IPO open north of $50.00 based upon the higher pricing. But now we have just gotten an opening price of $83.00 per share and it appears as though we have seen a price north of $90.00 since the open.
The company’s fully diluted share count was listed as 94,498,627 shares between the A-shares and B-shares. At $83.00, LinkedIn is worth $7.84 billion. At $90.00, LinkedIn is worth $8.5 billion.
There is one takeaway that some other billionaires are going to consider… The value of Facebook just went up on a relative basis.
JON C. OGG
Top Gaining Stocks
Top Losing Stocks