LinkedIn Go Public, The stock price rise 109%

Company social networking services on the internet, LinkedIn, successfully performed a sensational debut when you first go-public on Wall Street, New York. The first time traded under the symbol "LNKD" LinkedIn shares surged 109 percent to U.S. $ 94.25 per share.

According to news agency Associated Press (AP) LinkedIn remarkable achievement on Wall Street came as the transaction was closed Thursday afternoon local time (Friday morning GMT). The results of this LinkedIn, for the observer, a sweet beginning for the company to manage the social networking sites that also will go public next year. They are Twitter, Zynga, and Facebook.

"LinkedIn represents the initial opportunity for investors to participate in social media trends, which may be long lasting and powerful influence," said Lawrence Creatura, portfolio manager at Federated Investors, told AP. "They were very interested and it shows in stock prices," said Creatura.

According to The Wall Street Journal daily, LinkedIn stock price had been opened at U.S. $ 45 per share. By day, the price jumped 84% to U.S. $ 83 / sheet. At the close of the transaction Thursday, LinkedIn stock prices rose again to U.S. $ 94.25 / share, an increase of 109%.

So, at the end of the sale of shares (IPO), LinkedIn has been valued at U.S. $ 8.9 billion. Last year, before going into the stock market, the company had a profit of U.S. $ 15.4 million.

It is the largest IPO experienced company in the field of internet in the past seven years. Earlier, in 2004, Google Inc.. also noted the very satisfactory results when its shares go on sale to the public.