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Business

LinkedIn Shares Soar On First Day Of Public Trading

By Anthony Silva, WBZ NewsRadio 1030
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(credit: AP)

(credit: AP)

420x316-grad-silva Anthony Silva
Anthony Silva is co-host of the WBZ Afternoon News heard each wee...
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(BOSTON) CBS – That sound you heard on Wall Street Thursday was the unmistakable echo of the dot-com boom.

LinkedIn’s stock has more than doubled on its first day of trading, with huge investor demand pushing the stock for the first major US social networking company to go public.

WBZ NewsRadio 1030’s Anthony Silva reports

Some analysts think LinkedIn could post Google-like numbers, but an analyst tells me he thinks this might be a case of “irrational exuberance.”

The stock opened at $45, and got close to $123 a share before closing at $94.25. By the time the closing bell sounded on the floor of the New York Stock Exchange, LinkedIn had a market value of $9 billion.

(TM and © Copyright 2010 CBS Radio Inc. and its relevant subsidiaries. CBS RADIO and EYE Logo TM and Copyright 2010 CBS Broadcasting Inc. Used under license. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. The Associated Press contributed to this report.)

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