Feeds

LinkedIn goes ballistic following IPO

Stockbrokers get stuck in door in rush to buy

Beginner's guide to SSL certificates

Social-networking-for-suits site LinkedIn saw its shares go ballistic to double in price yesterday after the company's IPO.

The offering set a $45 per share price but in early trading the stock was changing hands for more than $120.

The price settled at $94.25 on the New York Stock Exchange making the whole company worth just less than $9bn.

Some have drawn parallels with the bubble stocks on the late 1990s, but LinkedIn is not a new arrival.

Back in the day, all a company needed was a bit of dot-com glitter to make themselves attractive to the stock markets.

This time the catnip for stockbrokers is any hint of networking. The price jump shows investors' hunger for a slice of any social networking company. It also reflects the lack of tech IPOs, or any other kind, in recent months.

The 100 per cent price rise also shows the markets' belief that networking sites – and what they really want a slice of is Facebook – are some kind of magic money tree.

Anyone remember Geocities? It managed a 119 per cent price rise on its first day of trading back in 1998.

Or what about QXL? The British eBay also managed a bit of a bounce on its first day of trading, despite criticism of its high valuation, which turned out to be warranted. ®

Beginner's guide to SSL certificates

More from The Register

next story
Facebook pays INFINITELY MORE UK corp tax than in 2012
Thanks for the £3k, Zuck. Doh! you're IN CREDIT. Guess not
Facebook, Apple: LADIES! Why not FREEZE your EGGS? It's on the company!
No biological clockwatching when you work in Silicon Valley
Happiness economics is bollocks. Oh, UK.gov just adopted it? Er ...
Opportunity doesn't knock; it costs us instead
YARR! Pirates walk the plank: DMCA magnets sink in Google results
Spaffing copyrighted stuff over the web? No search ranking for you
In the next four weeks, 100 people will decide the future of the web
While America tucks into Thanksgiving turkey, the world will be taking over the net
Microsoft EU warns: If you have ties to the US, Feds can get your data
European corps can't afford to get complacent while American Big Biz battles Uncle Sam
prev story

Whitepapers

Choosing cloud Backup services
Demystify how you can address your data protection needs in your small- to medium-sized business and select the best online backup service to meet your needs.
Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.