LinkedIn IPO Surges to $4 Billion

The valuation of LinkedIn continues to rise with the company increasing the price of its offering to $42 to $45 per share. This is up 30% from just a few days ago when the offering was $32 to $35. The increased price values the nine-year-old company at more than $4 billion following the IPO that will take place on Thursday, May 19. LinkedIn will begin trading on the New York Stock Exchange under the symbol LNKD. LinkedIn is the first player from the social media space this year to be involved in an IPO. Facebook is expected to be worth $100 billion when it goes public in 2012 and Skype forewent an IPO after Microsoft's $8.5 billion acquisition offer. Other IPOs set for the near future include Zynga, Groupon, Zillow and Pandora.

Will you be investing in LinkedIn?