Skip to main content

LinkedIn IPO share price jumps 90 percent

LinkedIn logoIt’s a good day to be LinkedIn. Yesterday, the company revealed that it would price its initial public offering at between $42 and $45 per share. Today, the IPO began trading at $83 per share, an 84 to 90 percent increase. So far, the stock price has risen to more than $92 per share, though the price is currently fluctuating between $85 and $90.

In total, LinkedIn is offering 7.84 million shares — one of the largest Internet IPOs since Google went public in 2004 — and is hoping to raise as much as $406 million. At $90 per share, LinkedIn would be valued at $8.5 billion. The IPO has so far raised the company more than $350 million.

Some believe the frenzy over LinkedIn is telltale of a new tech bubble. Last year, LinkedIn made only $15.4 million on sales of $243 million. But according to the company’s newly released first quarter earnings report, revenue is up 110 percent to $93.3 million. And net income increased to $2.08 million from $1.81 million in the first quarter of 2010 — a move in the right direction, at least.

LinkedIn has been gaining on new user roughly every second. The social network currently boasts more than 100 million users in total, many of whom live outside of the United States.

Along with Facebook, Twitter, Groupon and Zynga, LinkedIn is considered one of the “Big 5” tech companies, which helped its stock price pop to such a level. Currently, LinkedIn is the only one of the five companies to have launched its IPO. The other four are still privately owned, though it is rumored that Facebook plans to launch its own IPO sometime in the not-too-distant future. Given the enthusiasm surrounding LinkedIn’s offering, Facebook’s day may come sooner than previously imagined.

For those of you wanting to get in on the action, LinkedIn Corp. is listed as “LNKD” on the New York Stock Exchange.

Andrew Couts
Former Digital Trends Contributor
Features Editor for Digital Trends, Andrew Couts covers a wide swath of consumer technology topics, with particular focus on…
How to download Instagram photos (5 easy ways)
Instagram app running on the Samsung Galaxy Z Flip 5.

Instagram is amazing, and many of us use it as a record of our lives — uploading the best bits of our trips, adventures, and notable moments. But sometimes you can lose the original files of those moments, leaving the Instagram copy as the only available one . While you may be happy to leave it up there, it's a lot more convenient to have another version of it downloaded onto your phone or computer. While downloading directly from Instagram can be tricky, there are ways around it. Here are a few easy ways to download Instagram photos.

Read more
X seems to have deleted years of old Twitter images
The new X sign replacing the Twitter logo on the company's headquarters in San Francisco.

The social media platform formerly known as Twitter and recently rebranded as X appears to be having trouble showing images posted on the site between 2011 and 2014.

The issue came to widespread attention on Saturday when X user Tom Coates noted how the famous selfie posted by Ellen DeGeneres at the Oscars in 2014, which quickly broke the “most retweets” record, was no longer displaying. Later reports suggested the image had been restored, though, at the time of writing, we’re not seeing it.

Read more
X says it’s squashing the bug that deleted Twitter images and links
The new X sign replacing the Twitter logo on the company's headquarters in San Francisco.

X, formerly known as Twitter, says it’s working to restore potentially millions of images and links that suddenly and rather mysteriously disappeared from the platform in recent days.

“Over the weekend we had a bug that prevented us from displaying images from before 2014,” the company said in a post on its Support account on Monday. “No images or data were lost. We fixed the bug, and the issue will be fully resolved in the coming days.”

Read more