LinkedIn GC Erika Rottenberg's shares and options in the company have been valued at approximately $27m (£16.6m) by the social networking site's initial public offering (IPO), reports The Recorder. Shares in the company more than doubled in price after launching on the New York Stock Exchange yesterday (19 May), closing at $94.25 (£58) per share and giving the company a market cap close to $10bn (£6.1bn).
May 20, 2011 at 07:18 AM
1 minute read
The original version of this story was published on Legalweek
LinkedIn GC Erika Rottenberg’s shares and options in the company have been valued at approximately $27m (£16.6m) by the social networking site’s initial public offering (IPO), reports The Recorder.
Shares in the company more than doubled in price after launching on the New York Stock Exchange yesterday (19 May), closing at $94.25 (£58) per share and giving the company a market cap close to $10bn (£6.1bn).
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