LinkedIn and its investors are selling $352.8 million worth of stock in its IPO, marking the Facebook-for-work as the biggest U.S. Internet IPO since Google.
According to data provider Capital IQ, the amount of money LinkedIn is raising makes it the fifth-biggest-ever U.S. IPO in the Internet software and services sector.
Just for some context: Google’s 2004 IPO — which at the time seemed like a bit of bungle — ended up raising $1.67 billion. The offering valued Google at $23 billion, a dollar figure The Wall Street Journal pointed out was almost equal to the market value of General Motors.
Nearly seven years later, Google is a cash machine with a market value of $171 billion. And GM, fresh from its bankruptcy filing, is worth $47 billion.
1) Google/Aug. 2004 — raised $1.67 billion
2) Navteq Corp/Aug. 2004 — raised $880 million
3) Savvis/Feb. 2000– $408 million
4) Northpoint Communications/May 1999 — $360 million
5) LinkedIn/May 2011 — $352.8 million
6) Via Net.Works/Feb. 2000 — $315 million
7) Spark Networks/Feb. 2006 — $259 million
8) Limelight Networks/June 2007 — $240 million
9) Equinix/Aug. 2000 — $240 million
10) Akamai/Oct. 1999 — $234 million
src-wsj
No comments:
Post a Comment