Site raised $ 352.8 million with initial public offering of shares. LinkedIn is the first social network to have the American stock exchange.
The actions of the social network LinkedIn more than doubled in value in the company's debut on the Stock Exchange in New York. At 12:43, the company's shares rose 126%, quoted above U.S. $ 101.8, compared to the initial public offering price of $ 45. With this, the company's market value surpassed the $ 8 billion.
The chief executive of LinkedIn, Jeff Weiner, said at the premiere of the roles of company is "very optimistic" about prospects for long-term site. He added that the new crop of IPOs of internet companies is very different "from occurring in the late 1990s.
LinkedIn rose on Wednesday (18) U.S. $ 352.8 million with its initial public offering of shares. The company sold 8% of the company, or 7.84 million to $ 45 paper dollars.
LinkedIn allows users to create profiles and is widely used as a tool for job search. The strong demand for paper can be a sign of how important social networks are becoming.
LinkedIn is the first social networking company in North America to have its shares publicly traded. A number of other oil companies should follow the movement, including Facebook, Groupon, Twitter, and Zynga.
The co-founder of the site and former executive of the payment service PayPal, Reid Hoffman, got about $ 5.2 million just by selling 1% of its shares in the IPO. Weiner got the same value with the same volume of papers, which represented about 5% of its stake in the company.
