LinkedIn (LNKD) » Market Currents
- http://seekingalpha.com/symbol/lnkd/currents
- Friday, May 20, 1:23 PM Forbes' Eric Jackson agrees with Cramer that LinkedIn's (LNKD) IPO likely was "juiced" by releasing only a small fraction of the shares into the market. In a check of recent IPOs, Jackson finds issuers sold 13-32% of their outstanding shares, while LinkedIn sold just 5.3%. Can someone say secondary? Comment! [Tech]
- Friday, May 20, 11:56 AM Perhaps a bit more properly priced and with a little more float than LinkedIn (LNKD), the week's other major IPO is off to a calm start. Glencore shares are trading at £5.25 in the London grey market, down a bit from the IPO price of £5.30. It'll be interesting to track the performance of these 2 issues over the next decade. Comment! [Global & FX, Commodities]
- Friday, May 20, 9:43 AM LinkedIn (LNKD) opens up another 8% in heavy trading, surpassing $100/share. 3 Comments [Tech, On the Move]
- Friday, May 20, 9:36 AM Add Larry Summers to those worrying about a 1999-style internet bubble after LinkedIn's (LNKD) exuberant IPO, but Dealbook believes this boom is different. The companies going public now have more than just “eyeballs” - they're real businesses with real earnings and revenue - and there's no flood of new companies coming to market. 7 Comments [Tech]
- Friday, May 20, 9:00 AM Premarket gainers: BKS +31%. OPXT +19%.ACOR +19%. RRGB +18%. STEC +9%. ZLC +8%. CRM +7%. DANG+6%. APC +6%. BPAX +5%. LNKD +4%.
Losers: GPS -18%. ARO -14%. LDK -10%. ANN -5%. ARUN -5%. IMGN-5%. OFC -4%. AEO -4%. BPOP -4%. YOKU -4%. Comment! [On the Move] - Friday, May 20, 8:40 AM "Game on," says Josh Brown, "the money isno longer theoretical, it is real." The bars are packed in NoCal, NYC, (and Chicago), "the moment is major." It sounds like LinkedIn (LNKD) is more Netscape (1995) than Webvan (1999). 7 Comments [Tech, Quick Ideas]
- Friday, May 20, 6:53 AM With LinkedIn (LNKD) just the latest in a series of successful IPOs, Wall Street is on track to take in $2.5B in fees this year, the second-highest figure in over a decade. 1 Comment[Financials]
- Friday, May 20, 3:31 AM What do you get if you buy LinkedIn's stock (LNKD) at its current price of $94? This: "…a substantial majority of our members do not visit our website on a monthly basis, and a substantial majority of our page views are generated by a minority of our members." (From the S-1.) 4 Comments [Tech]
- Thursday, May 19, 4:41 PM "The tech/investing/IPO world just changed," says Paul Kedrosky of the LinkedIn (LNKD) IPO, "anyone who says otherwise has no idea what he's talking about it." Expect a rush of IPOs and a vast improvement to California's fiscal situation.6 Comments [Tech]
- Thursday, May 19, 3:45 PM Accusing underwriters of digging out their late 1990s playbook, Jim Cramer describes the LinkedIn (LNKD) IPO as "preposterous." By offering just a sliver of the company, the promoters purposely created a frenzy for the shares. "It's a toxic way to price, it's a terrible thing to do." 10 Comments [Tech, On the Move]
- Thursday, May 19, 3:26 PM Yes, LinkedIn's (LNKD +117%) $10.5B valuation is "crazy," but that's just one of three reasons to be deeply concerned about the LinkedIn euphoria and the health of IPO markets. The others: Most of the value is going into the pockets of speculative investors, and private markets may have proven themselves incapable of accurately measuring the worth of tech IPOs such as Facebook or Twitter. Comment! [Tech]
- Thursday, May 19, 2:04 PM "There's no institution better positioned in (emerging markets) than Citi (C)," says chairman Dick Parsons, believing this holds the key to the bank returning to "pre-crisis levels of earnings." On LinkedIn's (LNKD) surge? "I have my doubts for a couple of reasons," says the former AOL/Time Warner chief.1 Comment [Financials]
- Thursday, May 19, 1:35 PM Maybe Dick Bove (alone in bearishness among 25 GS analysts) is right and Goldman Sachs is losing it - the firm sold its entire near-872K stake in LinkedIn (LNKD +131%) at the offering price of $45. Meanwhile, though, investors seem to be shrugging off a growing stack of legal and other troubles at the big bank. 2 Comments [Financials]
- Thursday, May 19, 11:46 AM If you bought LinkedIn (LNKD, now legging higher again, +155% to $115) at $45, give yourself a high-five - though that probably means you're MS, BAC and other underwriters who took advantage of the company for serious underpricing of the IPO, Henry Blodget says. LNKD may have left well over $100M on the table. 9 Comments [Tech, On the Move, Breaking News, Top Stories]
- Thursday, May 19, 10:50 AM Stocks give up early gains and hover near the flatline, as investors look away from the LinkedIn (LNKD) IPO bubble and focus on the three ugly 10:00 economic reports (I, II, III). "Any relief or optimism that investors may have had after the jobless claims report has now been erased," GFT's Kathy Lien says. "All of these numbers confirm that the U.S. recovery is moving at a glacial pace." 1 Comment [U.S. Economy]
- Thursday, May 19, 10:33 AM From Jens Heycke, the top 5 things you could buy with $4B (um, make that $7B) instead of LinkedIn (LNKD+90%). 1 Comment [On the Move]
http://seekingalpha.com/symbol/lnkd/currents
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