There was a lot of chatter in the last couple of trading days about the upcoming LinkedIn IPO. Much as some of the other 'private' deals in other large tech sectors (https://www.secondmarket.com/) are trading at some stupefying levels, so comes the news of LinkedIn and their boosting the share price offering by $10/shr. I've heard reference to the dot com bubble all over again. I was not in the markets at that time so do not have any reference point for comparison. But some of the other activity in the markets certainly supports fantasyland type valuations. As stated on one of my trading forums, It will be interesting to see where the price is in a week after issue, and then months or a year later.
LinkedIn inflates IPO price by $10 a share
San Francisco Chronicle (blog) - 38 minutes ago
LinkedIn Corp. raised the expected price of its initial public offering by $10 a share to a new range of $42 and $45 a share, making it even more overvalued by any conventional metric. In my Sunday column, I pointed out that LinkedIn was coming public ...
LinkedIn ups IPO range, stokes social media frenzy
Reuters - Robert Galbraith, Sweta Singh - 58 minutes ago
LinkedIn CEO Jeff Weiner displays a chart of graphics during the Reuters Technology Summit in San Francisco, California May 17, 2010. By Clare Baldwin and Jennifer Saba NEW YORK (Reuters) - LinkedIn said it expects to raise 30 percent more than it had ...
Echos of '90s in Stock Gains
Wall Street Journal - Pui-Wing Tam - 59 minutes ago
David Williams is helping stoke the frenzy in technology stocks. The 45-year-old former Silicon Valley executive recently shelled out $500000 for 25000 shares of closely held social-gaming company Zynga Inc. "Ten years ago, ...
Summary Box: Excitement builds for LinkedIn's IPO
The Associated Press - 1 hour ago
HOT IPO: Online professional networking service LinkedIn Corp. raised the price for its upcoming IPO by 30 percent to $42 to $45 per share. The increase reflects the high demand to invest in the first of what's likely to be several IPOs from Internet ...
LinkedIn IPO recalls credit as much as dotcom boom
Reuters Blogs (blog) - Rob Cox, Lisa Lee - 2 hours ago
It's easy to make the parallel between today's Internet stock frenzy and the bubble that popped a decade ago. But the comparison to the far more damaging credit boom may be more appropriate. As they did amid dotcom mania, ...
LinkedIn IPO value jumps
Globe and Mail (blog) - David Berman - 2 hours ago
There was lots of chatter on Tuesday over the surging demand among investors to get in on the ground floor of LinkedIn Corp.'s initial public offering, after the professional networking site boosted the price range by an amazing 30 per cent. ...
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