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May 20, 2011 06:22 pm GMT
LinkedIn's stock continues to perform well at the start of its second day of trading. After closing on the New York Stock Exchange at $94 per share yesterday afternoon (giving LinkedIn a $9 billion market cap), the professional social network's first trade began at $98 per share this morning and has reached as high as high as $103.28. The company is now close to a $10 billion market share.For background, LinkedIn priced its shares at $45 on Wednesday evening but began trading at $83 per share yesterday morning, up 84 percent and giving the company a $7.8 billion market cap. In total, LinkedIn raised $352.8 million in gross proceeds from the offering of 7,840,000 shares, with 94.5 million shares of stock outstanding.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/9yQuewef4u0/
LinkedIn Climbs Past $100 Per Share On Second Day Of Trading
LinkedIn's stock continues to perform well at the start of its second day of trading. After closing on the New York Stock Exchange at $94 per share yesterday afternoon (giving LinkedIn a $9 billion market cap), the professional social network's first trade began at $98 per share this morning and has reached as high as high as $103.28. The company is now close to a $10 billion market share.For background, LinkedIn priced its shares at $45 on Wednesday evening but began trading at $83 per share yesterday morning, up 84 percent and giving the company a $7.8 billion market cap. In total, LinkedIn raised $352.8 million in gross proceeds from the offering of 7,840,000 shares, with 94.5 million shares of stock outstanding.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/9yQuewef4u0/
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