Professional networking site aspires to be huge global business database
MOUNTAIN VIEW, CALIF. — LinkedIn and Facebook will celebrate the anniversaries of their IPOs just a few days apart this week. But their experiences as publicly traded companies couldn’t be more different.
LinkedIn Corp. promotes its service as a steppingstone to a more enriching career. As it turns out, the professional networking company’s initial public offering was a great place to start a rewarding investmentportfolio, too.
LinkedIn’s stock has nearly quadrupled in value from its $45 IPO price on May 20 two years ago. On Monday, it closed at $175.03 a share. In contrast, Facebook’s stock is hovering around $27 a share, down 29 percent since it debuted May 18, 2012 at $38.
LinkedIn is emerging as the standout performer among its cohort of hotly anticipated IPOs from Internet companies that connect people with common interests.
The company is growing…
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