Search Latest Technology News

Friday, May 20, 2011

Tech-Sector in Focus By LinkedIn's IPO

Technology stocks advanced for an active trading session Thursday as investors responded to debut in the market for Internet professional networking company LinkedIn Corporation.LinkedIn Corp (NYSE: LNKD) shares rose more than 139% to 107.01 dollars after its initial public offering of shares at a price of $ 45 per share.Driven by strong demand that led to its initial public offering, IPO of LinkedIn valued at $ 45 per share, in the upper end of a newly raised range of $ 42 to $ 45 per share. Previously, the price range of IPO was $ 32...