Sign in     Like us on Facebook Follow us on Twitter Watch us on YouTube

News and Blog

Join 5000 other sharemarket traders for regular blog updates!

Browse to a category

Blog Search

LinkedIn

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. Globe.com (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. MarketWatch.com (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%.

email

Speak Your Mind

*

General Advice Warning

The Trading Game Pty Ltd (ACN: 099 576 253) is an AFSL holder (Licence no: 468163). This information is correct at the time of publishing and may not be reproduced without formal permission. It is of a general nature and does not take into account your objectives, financial situation or needs. Before acting on any of the information you should consider its appropriateness, having regard to your own objectives, financial situation and needs.

email