LinkedIn’s shares will be traded under “LNKD” symbol in New York Stock Exchange and its shares will be offered at $42 to $45 per share. It is expected that LinkedIn will raise a sum of $350 million from its initial public offering on Thursday which is almost double than the initially planned $175 million in January.
The sources from the industry valued LinkedIn at a whopping $4 billion and also its founder Reid Hoffmen’s stake at $855 million considering $45 per share price. Though, few industry experts are terming it as an aggressive valuation but the investors seems interested in purchasing stocks of the most widely used professional social network.
Kunal Mathur 