NEW YORK |
The shares rose to $88.70 in early trading on the New York Stock Exchange, 97 percent above their $45 initial public offering price.
LinkedIn, which runs a professional social network, on Wednesday raised $352.8 million by selling 8 percent of the company, or 7.84 million shares, for $45 each. The company raised its expected price range by $10 on Tuesday to $42 to $45 per share from $32 to $35 per share.
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