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Thursday, May 19, 2011

LinkedIn IPO big success

LINKEDIN LIKE FLYNN: LinkedIn shares opened at $83 this morning on the NYSE, up 84% from its IPO price of $45 (see 5/18 item below). It was recently changing hands at $85.99 a share, the Wall Street Journal notes, up 91%, valuing the company at nearly $9 billion. The IPO of the business social networking site had priced at the high end of its expected $42 to $45 range, which was boosted by $10 earlier this week in the face of strong demand. (5/19a)

 
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