LinkedIn shares plunge after strong IPO

LinkedIn shares plunge after strong IPO

LinkedIn shares plunge after strong IPO. LinkedIn Corp.’s shares suffered their first major setback Monday as investors began reassessing the lofty appraisal that the online networking company received in its recent initial public offering.

The company’s stock price sank by as much 10 percent in early trading before rebounding slightly. As of early afternoon, LinkedIn shares were down $7.74, or 8.3 percent, to $85.35.

It could be just the start of wild rollercoaster ride that could last for several months.


The ups and downs are likely to be driven by a debate over how much LinkedIn is really worth after rabid investor demand caused its
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