Friday, May 27, 2011

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How LinkedIn Scored a $9 Billion IPO

Yesterday professional-networking site LinkedIn went public with an initial public offering (IPO) valued at $45 a share. By the time trading closed the stock had more than doubled in value, closing at $94.25—not bad for a company that has no product outside of software. The success puts the value of the company at nearly $9 billion, leading many to suspect we're entering another tech bubble.

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