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Monday, July 11, 2011

Shares of LinkedIn traded at more than $100 on Monday july 11 2011

Shares of LinkedIn traded at more than $100 on Monday july 11 2011 ; Shares of LinkedIn, the social network, traded at more than $100 on Monday for the first time since the first-day “pop” for its initial public offering, as investors continued to favour the nascent online industry.

The forthcoming earnings season, the first for Linked­In and a clutch of other recently publicly listed web groups, will be critical for these shares as they attempt to justify valuations that put huge multiples on their earnings and revenues in anticipation of continuing rapid growth. < The fund is expected to garner significant demand, following on the heels of another such pre-IPO closed-end fund, GSV Capital, announcing it had purchased shares in Facebook in late June. GSV’s shares have risen 60 per cent since then. LinkedIn shares are up 1.5 per cent at $101.09, well above its IPO price of $45 and nearing the height of its first-day trading at $122.

The fund is expected to garner significant demand, following on the heels of another such pre-IPO closed-end fund, GSV Capital, announcing it had purchased shares in Facebook in late June.

GSV’s shares have risen 60 per cent since then.

LinkedIn shares are up 1.5 per cent at $101.09, well above its IPO price of $45 and nearing the height of its first-day trading at $122. For the latest updates PRESS CTR + D or visit Stock Market news Today

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