Lnkd stock price

[Value Buy]

Was a new issue that went out at $45 but opened at $85 a share this morning.
Climbed to around $120 before falling and closing today at $94.25
Company barely has any earnings, something like $25 million for the latest quarter.
We all can assume this was an unrealistic price for the stock, but, it is what it is, and not that many shares were released, and that may have been part of the problem.
I am wondering if anyone that bought shares at the syndicated price, weren't they under any restrictions not to sell the shares for a certain time, or has that procedure been tossed out?
My question is, where does this put FaceBook or Groupon when they go public?
I would assume they are worth actual dollar amounts based on their business plan.
Are we seeing a bubble similar to the 2000 tech bubble?

[yclept]

"I am wondering if anyone that bought shares at the syndicated price, weren't they under any restrictions not to sell the shares for a certain time, or has that procedure been tossed out?"

There may be insiders who held stock prior to it going public. Sometimes there are restrictions on when they can sell. I'm not aware of there ever having been restrictions on the people who were subscribed to buy the stock at the open.
IPOs have always been a sleazy game with the brokers authorized to originally sell the stock doing so to their "favored" customers. The only one I ever saw that had any fairness associated it was the IPO for Google, where (best I recall) there was a lottery of some sort to determine who would be able to buy at the original issue of public stock. I also seem to recall that the stock was not issued through any broker or bank, but was sold directly by the company to the winners of the lottery. I remember it made quite a stink with the banks/brokers who normally bring IPOs to market -- it was probably way too fair a process for them to stomach. Besides which it deprived them of their commissions on the original stock sales.

[Virgil Showlion]

so do we want to own a user service where we have 300 million half naked/half drunk people who post ridiculous pictures of themselves...pay nothing for which they receive and probably never will...or a business site that is revered for recruiting, networking and has paid memberships..and ad revenue...let me think

Frank-o, I think Facebook is as overvalued as the next guy, but they're getting a cut of all the ridiculous little games those 300 million drunk, naked people play while drunk and naked. Zynga (maker of Farmville) is pulling in well over half a billion in revenue yearly, and it's not as if they're going to jump ship. (I know Zynga and FB have a five year partnership in place as of 2010, but I don't know the specifics. It wouldn't surprise me if they were getting a 25%-35% cut.)

Add that to the slew of other app developers and Facebook has a decent revenue stream.

As for LNKD, two words: 1,500. P/E.

You're expecting earnings growth of 10,000% sometime soon?

[rovo]

The symbol for LinkedIn is LNKD. Is it, was it, a good deal for those jumping in on the IPO? I don't know. The market will sort it out in due time. When the hype blows over, the fundamentals on this new issue and the forward looking prospects will define the proper stock price. Based upon my observations of previous IPOs I would say there will probably be a time in the near future to pick up some shares of this puppy at a discount to the proper value as well as opportunities to pick it up at an inflated price. ;D

[Aman A.K.A. Ahamburger]

I agree rovo, of all the social networking sites, at least this one is focusing on building a base for people that are looking to do more that sit naked and play games..

[Aman A.K.A. Ahamburger]

Three Key ways Linkedln makes money:
www.dailyfinance.com/2011/05/24/the-three-key-ways-linkedin-makes-money/

[Aman A.K.A. Ahamburger]

Morgan Stanley Plans to Let Retail Brokers Use LinkedIn, Twitter
www.bloomberg.com/news/2011-05-25/morgan-stanley-plans-to-let-retail-brokers-use-linkedin-twitter.html

[Value Buy]

Trading at $66 a share today.......
Almost a half price sale from it's high

[Value Buy]

Should have been smone's pick of the week.
The quiet period ended, and the banks who brought the stock public give it a buy rating.........

[Value Buy]

Closed at $90.09 yesterday.
Now that the quarter has closed, it will be interesting to see what happens.

[Driftr]

Back down around 60. Hope FTI didn't put his best clients in it.

[The Virginian]

I don't have much faith in Social Media being profitable for the long term. Too many start -ups and people tend to jump on the latest and greatest with no consequences.

I for one am staying away from Face Book, Linked-In , Angie's List and all the rest until they can show me they have a way of insuring revenue streams.

So far all I have seen is hype!