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(LinkedIn IPO) Stock rises 109% on 1st trading day

LinkedIn IPOLinkedIn, 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.

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