![]() The final three months of 2012 was no different, as LinkedIn blew away forecasts for revenue and profit. Investors and analysts have been wowed by the company’s continuing growth, which has allowed it to beat analyst projections for quarterly revenues in every single quarter since the IPO. The Mountain View company has been the most successful social-media stock on the market since its initial public offering at $45 a share in May 2011. Shares moved as high as $151.89 Friday before closing at $150.48, a gain of $26.39, or 21.3 percent, with both prices representing new records for LinkedIn stock. A cross-functional IT geek since 1985, you can follow him as on Twitter, pretend to be richij's friend on Facebook, or just use good old email: You can also read Richi's full profile and disclosure of his industry affiliations.MOUNTAIN VIEW - LinkedIn stock roared to record prices Friday, rising more than 20 percent and breaking the $150 level for the first time after the professional networking company destroyed expectations by recording its first quarter with more than $300 million in revenue. Neal awards on behalf of Computerworld, plus The Long View. He's also the creator and main author of Computerworld's IT Blogwatch - for which he has won American Society of Business Publication Editors and Jesse H. Richi Jennings is an independent analyst/consultant, specializing in blogging, email, and security. Catch up with posts from the previous few days.Subscribe to the Computerworld Blogs newsletter.With LinkedIn able to sell itself as a hot social media company, its story is sizzling right now.Įrror'd: A problem has been 4200x DVD GoDaddyGoDaddyGoDaddy and more. big banks putting together the LinkedIn deal and have access to the inside price. Sure, buying shares in LinkedIn makes sense if youre a favored client of. you have all you need for quite a debate.īut Gary Rivlin prepares for a bloodbath: has warned that it expects revenue growth to slow. What happens once a few more social networking companies go public? Is just a warm up for Facebook? Or Zynga? Or Groupon? will be waiting to see how LinkedIn does before they make their own moves. Investorsand the tech industryare closely watching the. On Tuesday LinkedIn raised the price of its expected price range to $42 to $45 per share from $32 to $35 per share. Tomio Geron seems surprised the price is so high : The VC firms also are holding onto their LinkedIn stock. Sequoia Capital, Greylock, Bessemer: The trio of private-equity firms.has been in the CEO job for less than two years after stints at. owner of Standard & Poors, made a $5 million investment. ![]() Goldman essentially quadrupled its money in three years. Hoffman already made millions from PayPal, his last company. ![]() is the undisputed winner of the lucky duck sweepstakes. LinkedIn is making a boatload of shekels for a cluster of lucky folk. His 2.5% stake is worth roughly $105 million.Ĭall the valuation stupid, call it smart, but. The IPO will also mark a big payday for LinkedIn's co-founder and chairman Reid Hoffman. soar but have no clue what their businesses are worth. already has invited comparisons to the heyday of the last boom. Most analysts expect shares to rise Thursday. Internet company since Google set the gold standard nearly seven years ago. The 8-year-old company will make its stock market debut with a value of $4.3 billion. set to begin trading tomorrow on the New York Stock Exchange under the LNKD ticker. Stunning given LinkedIn earned just over $15 million on revenues of $243 million last year. ![]() a sign that the once moribund market for Internet companies is back. will give the Silicon Valley business networking company a $4.5 billion valuation. LinkedIn will price its shares at $45 each in its IPO. ![]() Boom! It's Kara Swisher, with her broken calculator: ![]()
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