Anyone buy LinkedIn IPO?

[GTaudiophile]

Anyone get in on it?

 

[sunzt]

hope no one got in at 122 lol

 

[DesiPower]

I thought it was 40 something.. It has a good worldwide market though. I know a lot of people how are paid subscribers too... I think its worth it. But only time will tell.

 

[dbk]

$45?

 

[HopJokey]

I thought it was 40 something.. It has a good worldwide market though. I know a lot of people how are paid subscribers too... I think its worth it. But only time will tell.

Yesterday LNKD closed trading at $8.9 Billion in market cap. In 2010 they made $280 Million in revenue and $4 million in net profits. In 2011 they project $400 million revenue and $10 million in net profits.

I like their service and product, it is a legitimate business. I've been to their campus a few times and liked the culture/work environment there. But from an investment standpoint it is extremely overvalued (to put it lightly) and there will need to be huge growth to simply catch up to it's current valuation.

 

[0roo0roo]

10 mil profit..yea eff that.

 

[sunzt]

Yesterday LNKD closed trading at $8.9 Billion in market cap. In 2010 they made $280 Million in revenue and $4 million in net profits. In 2011 they project $400 million revenue and $10 million in net profits.

I like their service and product, it is a legitimate business. I've been to their campus a few times and liked the culture/work environment there. But from an investment standpoint it is extremely overvalued (to put it lightly) and there will need to be huge growth to simply catch up to it's current valuation.

buhhhhh bullllllll

 

[airdata]

I wish I would have bought some.... easy money.

 

[HopJokey]

One thing that is causing huge valuation is the amount of subscribers. They have over 100 million users which people see as huge potential. However I would speculate that many of the users aren't quite active; definitely not as active as Facebook or Twitter users.