It’s expected to be the biggest IPO since Google in 2004:
The social network for business professionals this morning increased the price range for its highly-anticipated offering by 31%, meaning that it now expects to be valued at more than $4 billion.
The Mountain View, Calif.-based company originally filed for its IPO in late January, with plans to raise $175 million. It upped the ante earlier this month, setting its terms to 7.84 million shares being offered at between $32 and $35 a piece. That would have meant a $274 million raise at the high end of its range, and an initial market cap of just over $3 billion. Now, the range has jumped to between $42 and $45 per share.
Hopefully one of their revenue models is a service with which one can opt out of receiving their e-mails. I’d pay for that.
Via CNN
I know a ton of people with accounts and none of us have any idea what the service is for. It’s like the “Free Public WiFi” of networking sites.
Settings > Email Preferences… I’ll only take cash.
I can’t think of any ethical ways to make LinkedIn profitable. All involve selling info to the highest bidder.
Haha more like “the most overvalued IPO since pets.com“.
What group of financial fuckups valued that spam hole at 4 billion?
Desperation. If ever there was a stock to short…
Has anyone actually gotten work via that site?
I should really delete my account.
I don’t think anyone has a good use for it – much less a good business model for it.
Not that I have an opinion on the stock’s value, but it’s enormously used by recruiters and job seekers, as well as providing networking opportunities. Just because you can’t figure out something doesn’t mean there isn’t a use for it.