I’m not a personal finance expert but I found this article interesting because LinkedIn is very much a small and medium business tool. It’s an interesting read. Check it out. -Tiffany C. Wright
Will LinkedIn’s IPO Start a Frenzy?
Remember all the talk about how there’s no money in social networks? Well, it now seems strangely academic. LinkedIn has priced its IPO, which it announced in January, and the numbers are big. TechCrunch has the details:
The company expects proceeds from the sale of the shares of stock in the offering will be approximately $146.6 million (in total the company will be raising $274 million but some of this money goes to fees etc.)…LinkedIn’s IPO should debut on the NYSE fairly soon and it will be interesting to see how the Street reacts to the offering. One factor to consider is that LinkedIn is growing revenue—the company just reported that Q1 revenue in 2011 was up 110 percent to $93.9 million. Net income increased to $2.08 million, from $1.81 million in Q1 2010. The increase in sales came from the company’s hiring solutions, a paid offering which helps recruiters search for professionals and list jobs on the site.