LinkedIn (LNKD) Shoots Past $100 a Share

May 19, 2011
J. Webster
Comments Off on LinkedIn (LNKD) Shoots Past $100 a Share

Winners, those who got in on the LinkedIn IPO priced at $45, as it has doubled and then some, shooting past $110 a share. What do employees get: Krispy Kreme donuts. Well, hopefully they got some stock options, too.

AP Photos

Jeff Weiner, LinkedIn’s chief executive had this to say about the IPO on CNBC:

“We leave the valuation to the good folks at CNBC, the marketplace, etc.,” he told CNBC. “We’re going to continue to focus on the plan. The better we execute, the more likely the fundamentals will take care of themselves.”

If LNKD can become the one and only place for jobs and job searching, then it perhaps can live up to this run up, but as they say, time will tell.

Related Posts Plugin for WordPress, Blogger...

Comments are closed.