LinkedIn, the social network for professionals, has gone public.
With more than 100 million members worldwide, LinkedIn opened for trading on the New York Stock Exchange (NYSE) yesterday under the ticker symbol LNKD after its initial public offering, in which it raised $352.8 million. The company opened at $80.00 per share and closed at $94.25 per share on its first day. By Friday afternoon, it was trading over $100.00.
LinkedIn CEO Jeff Weiner, joined by members of the companys management team, celebrated the companys first day of trading on the NYSE by ringing The Opening Bell. Becoming a publicly traded company on the NYSE is another significant step toward LinkedIns goal of connecting the worlds professionals to make them more productive and successful, Weiner said at the opening.
LinkedIn is an excellent platform for connecting individuals professionally and fostering new business relationships across the globe, says Duncan Niederauer, CEO of NYSE Euronext. We are thrilled to welcome LinkedIn to our growing community of technology-based listed companies, and we look forward to a successful, lasting partnership with the company and its shareholders.
(CG)