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Media

IPO Watch: LinkedIn Opening Price Worth $7.84 Billion (LNKD)

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By Jon C. Ogg Updated Published
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LinkedIn Corporation (NYSE: LNKD) has just opened and the price was at $83.00 per share after a $45.00 pricing.  We conducted a poll after the social media outfit raised its IPO price range by about 30%, and the results we had on a preliminary indication showed that the $42 to $45 price was already too high.  It turns out that the smallest group looking for the highest price was the right group.

As of yesterday we were expecting a post-IPO open north of $50.00 based upon the higher pricing.  But now we have just gotten an opening price of $83.00 per share and it appears as though we have seen a price north of $90.00 since the open.

The company’s fully diluted share count was listed as 94,498,627 shares between the A-shares and B-shares.  At $83.00, LinkedIn is worth $7.84 billion.  At $90.00, LinkedIn is worth $8.5 billion.

There is one takeaway that some other billionaires are going to consider… The value of Facebook just went up on a relative basis.

JON C. OGG

Photo of Jon C. Ogg
About the Author Jon C. Ogg →

Jon Ogg has been a financial news analyst since 1997. Mr. Ogg set up one of the first audio squawk box services for traders called TTN, which he sold in 2003. He has previously worked as a licensed broker to some of the top U.S. and E.U. financial institutions, managed capital, and has raised private capital at the seed and venture stage. He has lived in Copenhagen, Denmark, as well as New York and Chicago, and he now lives in Houston, Texas. Jon received a Bachelor of Business Administration in finance at University of Houston in 1992. www.247wallst.com.

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