Comment on LinkedIn IPO skyrockets, trades as high as $92.99 a share

LinkedIn IPO skyrockets, trades as high as $92.99 a share

LinkedIn IPO skyrockets, trades as high as $92.99 a share

LinkedIn shares skyrocketed more than 80% to trade at about $86 a share, and at a high of $92.99 a share, on Thursday as the social networking site launched its initial public offering.

Senh: Which makes Linkedin worth about $8B, with annual revenue of $243M. That's about 30 times annual revenue. Hmm... The company still hasn't turned a profit.

 

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