LinkedIn's Pricing Set at $45 per Share; Highest Valuation Since Google
May 18, 2011Sign Up to Receive an Email Alert when Flash Headlines are Published
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IPO Update: LinkedIn’s IPO Pricing Completed
LinkedIn has announced that its initial public offering (IPO) has been priced at $45 per share.
The wires report that the pricing, which was completed late Wednesday, marks the final step before LinkedIn's shares are available in the public market for the first time in the company's eight-year history. Shares are expected to begin trading Thursday morning.
The pricing puts the market value of the company at $4.3 billion, which is the highest valuation for a U.S. based internet company since Google came public nearly seven years ago.
LinkedIn will trade under the symbol LNKD.
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