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LinkedIn stock soars 109 percent after IPO
An echo of 1990s-style dotcom euphoria reverberated around Wall Street
as shares in
LinkedIn
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soared on their debut, at one point valuing the
business-focused social network at USD 11. 6bn. The strong reception pointed to pent-up demand for the
Facebook
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generation of young internet companies and is expected to be followed by
a spate of initial public offers from other companies linked to the
onlin...
Read more
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Summary
An echo of 1990s-style dotcom euphoria reverberated around Wall Street as shares in LinkedIn soared on their debut, at one point valuing the business-focused social network at USD 11. 6bn. The strong reception pointed to pent-up demand for the Facebook generation of young internet companies and is expected to be followed by a spate of initial public offers from other companies linked to the online social networking revolution.
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