LinkedIn's stock continues to perform well at the start of its second day of trading. After closing on the New York Stock Exchange at $94 per share yesterday afternoon (giving LinkedIn a $9 billion market cap), the professional social network's first trade began at $98 per share this morning and has reached as high as high as $103.28. The company is now close to a $10 billion market share. For background, LinkedIn priced its shares at $45 on Wednesday evening but began trading at $83 per share yesterday morning, up 84 percent and giving the company a $7.8 billion market cap. In total, LinkedIn raised $352.8 million in gross proceeds from the offering of 7,840,000 shares, with 94.5 million shares of stock outstanding.
Source: http://feedproxy.google.com/~r/Techcrunch/~3/9yQuewef4u0/
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