LinkedIn, a social networking site for professionals, went public yesterday and, at the end of its first trading day, the stock registered a 109% increase over its initial public offering (IPO) price.
The company’s stock (LNKD) closed at $94.25 on its first trading day, up 109% over the IPO issuance price of $45. It reached a high of $122.70, a 173% increase.