LinkedIn IPO at $45 per share

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.