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), writes Legal Week’s US affiliate title The Recorder. Shares in the company more than doubled in price after launching on the New York Stock Exchange last week (19 May), closing at $94.25 (£58) per share that day and giving the company a market cap close to $10bn (£6.1bn).
May 25, 2011 at 07:03 PM
1 minute read
The original version of this story was published on Legalweek
GC makes $1.35m in social networking IPO and sees remaining 300,000 shares double after NYSE launch
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), writes Legal Week’s US affiliate title The Recorder.
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