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.

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LinkedIn launches Facebook like application

Linkedin has launched a Facebook application called “My Company’s Hiring” for users to post open positions in their company. This application works best for Facebook users that are actually in charge of hiring process. You’ll need to manually input the positions and their desriptions, and you can include an external link for additional information as well. The positions will show on your profile and the newsfeed as well with the external link included. While the application was created by LinkedIn, there is no direct relation between this application and your LinkedIn account, so there’s no good way to leverage your actual LinkedIn contacts or account information for this application.

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