MUST READ THIS ARTICLE: MUST READ THIS ARTICLE: LINKEDIN GOES BIG ON ITS FIRST DAY.(1st major social-networking site to go public leaps 109% on NYSE). Linkedin's stock more than doubled Thursday as it became the first major U.S. social-networking company to go public. The stock traded at $103 at midway under the ticker symbol "LINKD" on the New York Stock Exchange. The stock surged as much as $77.00 to $94.25, a gain of 109 percent over its starting price of $45. Chinese online security company Qihoo 360 Technology Co. has closed higher, ending up 134.5 percent when it debuted March 30. The last time a U.S. company more than doubled in an IPO debut was Nymex Holdings Inc. in November 2006, according to Dealogic. Nymex, which operated the New York Merchantile Exchange, was acquired by CME Group Inc. in 2008. LinkedIn Corp's intial public offering Wednesday night at $45 per share, at the high end of the company's intial target. The company raised $353million in an IPO that valued it at $4.3 billion. That's the largest valuation for a U.S. Internet company since Google went public in 2004. The demand reflects investors belief that Internet services that connect people with common intrests will be able to make more money as the web's audience steadily expands."LINKEDIN'S VALUATION MAY LOOK MODEST COMPARED WITH OTHER INTERNET COMPANIES THAT ARE TOUTED AS POTENTIALLY GOING PUBLIC IN THE NEXT 18 MONTHS.. The short list includes online messaging service Twitter, Web game maker Zynga, coupon site Groupon and Facebook, the social network that boasts more than 500milion users.. IPO analyst Scott Sweet said thursday's market debut was a GOOD SIGN FOR THOSE OTHER SOCIAL NETWORKING COMPANIES... IF YOU WOULD LIKE TO READ THIS ARTICLE..GO TO WWW.ARKANSASONLINE.COM. IT IS THE BUSINESS AND FARM SECTION.. DATE FRIDAY MAY 20.. NOBO I THINK THIS IS VERY RELEVANT AND PICTURE PAINTING DD, I THINK YOU SHOULD STICKEY IT, PLUS MY FINGERS DESERVE IT , I TYPE ALL OF THIS ON A CELL PHNE.. ANOTHER FUNNY THING ON HOW I RAN ACCROSS THIS ARTICLE, I WAS USING IT TO CLEAN A WINDOW, LOL, AND I DON T NORMALLY CLEAN!
