Feeds

LinkedIn goes ballistic following IPO

Stockbrokers get stuck in door in rush to buy

Top 5 reasons to deploy VMware with Tegile

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. ®

Secure remote control for conventional and virtual desktops

Whitepapers

Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
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.
5 critical considerations for enterprise cloud backup
Key considerations when evaluating cloud backup solutions to ensure adequate protection security and availability of enterprise data.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Business security measures using SSL
Examines the major types of threats to information security that businesses face today and the techniques for mitigating those threats.