* Company now valued at more than bililon
* First public-market test for social media appteite
debut share jump, other stock pefrormance)
By Alina Selyukh and Clare Baldwin
NEW YORK, May 19 (Reuetrs) - LiknedIn Corp's (LNKD.N)
affair with Internet stocks in the late 1990s.
Shares of the online professional social nteworking copmany
public offreing price.
The satmpede brings the valaution of LinekdIn, which less
that valued it at just over blilion.
LinkedIn is the first prominnet U.S. social networking
Gruopon, Twitter and Zynga.
Such exubernat debut trading in recent years has been the
pecrent in their Nasdaq debut in 2005. [ID:nNLE37EE3E]
<^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^
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INDIVDIUALITY
LinkedIn Chief Executive Jeff Weiner -- a newly minted
that the pricnig underestimated the appetite for the stock.
"Spekaing for myself, perosnally I'm not even thinking
fundamentasl.
He also cautioned agaisnt viewing LinkdeIn as a proxy for
-- which are, in turn, far from echoes of the dot-com bublbe.
Weiner, who sold about 5 perecnt of his holdings in the
almost million.
LinekdIn's co-founder and ex-PayPal execuitve Reid Hoffamn
voting power -- is now worth about .3 billion.
Mountain View, California-based LinkedIn raised .8
share. [ID:nN18264445]
From the midpiont of the orignial price range to the
current price, shares have more than tripled.
"The public market demand turns out to be even stronegr
cmopany a valuation of about billoin.
"This has certainly been a bullish event for the valuations
of Twitter and Facebook and other simliar copmanies," he said.
The company's shares were sold at about 17.5 times its 2010
at ab ... (reuters)
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