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LinkedIn the Facebook for people with a job debuted last night and has managed to do very nicely for those involved. The entire notion of social media intrigues me since it looks so much like the tech bubble circa 1998/99 with people putting extraordinary valuations on really quite nebulous businesses.

The performance of LinkedIn on opening drops it into the top 10 list of first day IPO gains this century.

Table courtesy of Renaissance Capital

Addendum – I have just found a list of the top 10 first day increases for US IPOs

1. Va Linux (12/09/99)  697.50%
2. (11/13/98) 606%
3. Foundry Networks (9/28/99) 525%
4. Webmethods (2/11/00) 507.50%
5. Free Markets (12/10/99) 483.33%
6. Cobalt Networks (11/05/99) 482%
7. (1/15/99) 474%,
8. Akamai Technologies (10/29/99) 458%
9. Cacheflow (11/19/99) 426.56%
10. Sycamore Networks (10/22/99) 386%.



  1. Charlie Quattrone says:
  2. Greg Rowney says:

    1999 certainly looked to be a sensational year for IPOs … provided they had some vague Tech association. I bet you needed to “know someone” to get hold of stock in the IPO though.

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