Net income increased to $2.08 million, from $1.81 million in Q1 2010.Įven at the company’s initial IPO pricing, Hoffman enjoyed a stake worth $858 million, and is the largest shareholder.
The company reported that Q1 revenue in 2011 was up 110 percent to $93.9 million. Internet company since Google went public in 2004. The company’s value is the largest for a U.S. LinkedIn Corp.’s initial public offering Wednesday night was priced at $45 per share, at the high end of the company’s initial target. The company has raised $353 million in its IPO. Jeff Weiner (right) is now chief executive. He hoped it would then spread from the Valley, and it has. Hoffman told me in an interview five years ago that he believed the company was finally hitting a “tipping point,” that is, becoming a go-to place for Silicon Valley professionals to list their profiles. The company was founded by Reid Hoffman (left in photo). LinkedIn will likely to be able to use that information in innovative ways going forward. But it is tapping all kinds of information about professionals, at a time when brands, ad networks and others increasingly are interested in social information about people. LinkedIn is not quite as popular as Facebook, which is valued in the private market at more than $50 billion.
List of linkedin stock stock professional#
The stock is doing well because of the perception that LinkedIn will benefit from its status as the front-runner professional social network. The shares briefly hit $92.99 earlier this morning. The company began trading under the symbol LNKD on the New York Stock Exchange. With Facebook (more than 2,000 employees) expected to go public next year, more wealth is expected to be transfered from main street investors to the techies in the valley (Zuck’s recent home purchase, of course, is just an early indicator). LinkedIn, with more than 1,000 employees, is based in Mountain View, Calif. The Valley, like other places in the country, has been in a housing trough. And the employees at these companies take their millions and buy new homes, so LinkedIn’s IPO will probably lead to a little blip in prices on the high-end of the Silicon Valley housing market in a few months, after the lock-up is over. The minting of millionaires at post-IPO companies like LinkedIn inspire other entrepreneurs to want to do great things. Silicon Valley has been waiting for years for the new crop of technology companies to go public, and LinkedIn has been years in the making (check out the infographic below).
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