RJ and Makay

http://www.rjandmakay.com/components/com_gk2_photoslide/images/thumbm/537321header_1.jpg http://www.rjandmakay.com/components/com_gk2_photoslide/images/thumbm/963038header_2.jpg http://www.rjandmakay.com/components/com_gk2_photoslide/images/thumbm/981787header_3.jpg http://www.rjandmakay.com/components/com_gk2_photoslide/images/thumbm/923473header_4.jpg

RJ & Makay Say
Most Read

RJ & Makay

Our view of news, events and human capital trends in the financial services industry.

Silicon Valley

LinkedIn shares end first trading day at $94.25

Posted by RJ and Makay on May 19, 2011

>> Read More RJ & Makay Blog Posts

LinkedIn Corp.’s (LNKD) sharp rise on its first day of trading today shows that U.S. investors may be hungry for similar stories coming out of the social media industry.

Shares of the professional-networking site opened at $83 dollars on the New York Stock Exchange, an 84% increase from its initial public offering price of $45. By mid-day it was trading at $112 a share, up 150%, valuing the company at $10 billion. The stock reached a high of $122.70 before declining in afternoon trading, closing at $94.25. For the day, shares were up $49.25, or 109.4%.