Thursday, May 19, 2011

LinkedIn Spikes In IPO

Mountain View-based business social networking site LinkedIn surged to twice its IPO opening price in trading Thursday, trading as high as $92.99 in morning trading. The firm opened at $45.00 in its long anticipated IPO. LinkedIn is venture backed by Sequoia Capital, Greylock Partners, and Bessemer Venture Partners, which hae been rewarded handsomely in the IPO debut.