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Wednesday, May 18, 2011
LinkedIn's IPO priced at $45 a share
SAN FRANCISCO – LinkedIn has priced its IPO at $45 per share — the top of its range — in a deal that values the networking website at over $4 billion. That's the highest market value for a U.S. Internet company taking its first bow on Wall Street since Google Inc. went public nearly seven years ago.
LinkedIn Corp.'s shares will make their market debut on Thursday morning. Most analysts believe the shares are likely to rise further Thursday, even though LinkedIn's IPO already priced 30 percent to 40 percent higher than its initial target of $32 to $35 per share. (AP)
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