LinkedIN IPO pumps $9.8 Billion Market Cap
The social network for professionals, LinkedIN, was listed yesterday at the New York Stock Exchange and has now grown to $9.8 billion market cap from an expected $3 billion prior to the listing.
The starting share price of LinkedIN was among the biggest in Web 2.0 history, near that of Google’s back in 2004.
Having been a member of LinkedIN back since 2003, I find it amazing that the site has endured the drought of the first Web 2.0 wave. LinkedIN came out around the time of Friendster, MySpace, Digg and Technorati.
LinkedIN recently reached 100 million users and the CEO of the company emailed the first million users back in March, including me.
I want to personally thank you because you were one of LinkedIn’s first million members (member number 326,333 in fact!*). In any technology adoption lifecycle, there are the early adopters, those who help lead the way. That was you.
We hit a big milestone at LinkedIn this week when our 100 millionth member joined the site.
Co-founder and Chairman
A recent comScore study reveals that while Facebook has the biggest online penetration in the Philippines, LinkedIn on the other hand only had under 2% share.
Anybody out there on LinkedIN and was among the first millionth member?