LinkedIn valuation still cannot beat Facebook!
Published on May 19, 2011 by mixsack · No Comments
LinkedIn efforts to made an initial public offering (IPO), get attention, because they are indicators of success or failure of social media companies on the stock. The result was quite ‘satisfactory’. According to Reuters, the IPO is quite good. LinkedIn shares eventually sold at a value of USD 45 per share, right at the upper limit of the range that has been issued the previous LinkedIn.
LinkedIn to sell 7.84 million shares with total value of USD 352.8 million. Approximate price previously issued LinkedIn is USD 32-35, then increased to USD 42-45. Proceeds from sales of LinkedIn is valued as a good omen for other social media companies who may be an IPO within a few months or years to come. Including Facebook, Groupon, Twitter and Zynga.
LinkedIn currently has a valuation of USD 4.25 billion. Although that number looks great, but that number is small compared to Facebook that in the valuation of USD 70 billion or Groupon estimated could reach $ 15 billion valuation.
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Tags: Facebook, Groupon, IPO, LinkedIn, Twitter, Valuation, Zynga
