B2B Articles - May 17, 2011 9:40:50 AM

LinkedIn raises the price of IPO

LinkedIn is going public and is providing 7,840,000 shares for it's IPO. Initially, LinkedIn's was valuing each share between $32 and $35 per share, but it just raised it's valuation to $42 - $45 per share. The latest number is a 30% increase from the previous $3 billion plus valuation of the company for it's IPO.

The company is going to begin trading on the New York Stock Exchange this Thursday, using the link symbol LNKD.

The company's reported revenue was up in Q1 revenue in 2011 by 110 percent to $93.9 million. The website's job listing / hiring components have been largely responsible for the increase in sales.

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