After months of rumors & speculations, LinkedIn came out with its IPO on Thursday 5/19 to a better-than-expected Wall Street response. The upscale spike within first few hours of trading shocked not just those at LinkedIn but raised some Silicon Valley eyebrows too. At one time, the stock was trading at $103.28 on Friday (that is close to $10B valuation for the company). I remember there were talks of $4.5B market share being too-much for LinkedIn only last week & if you combine it with the ongoing US stocks pessimism, it makes the initial success at NYSE even more astonishing! Looking beyond the nascent shock & awe, I guess the stock price might just stabilize a bit in short to medium period.
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