Skip to main content

LinkedIn’s hugely profitable IPO: By the numbers

LinkedIn logo
Image used with permission by copyright holder

LinkedIn Corp, owner of professional social media website LinkedIn.com, launched its initial public offering on the New York Stock Exchange yesterday. And things went, let’s say, freakin’ awesome — at least if you were one of the lucky few to get in on the company’s stock offerings before the went public. As soon as the opening bell rang, the IPO price popped around 90 percent, and that was only the beginning of the cash parade. But not everyone thinks that the rain of dollars on LinkedIn’s stock is a good thing. Rather, it may be indicative of an inflating tech bubble. Here, a quick look at the telltale numbers that surround LinkedIn and its massively profitable IPO.

2003: Year LinkedIn was founded.

Recommended Videos

4,500: Total number of LinkedIn users at the end of 2003.

100 million: Approximate number of LinkedIn users as of March 2011, with a new user joining the site an average of every second.

7.8 million: Number of LinkedIn shares that were up for sale in the IPO, less than 10 percent of the company’s total outstanding shares.

$45: Price LinkedIn set for its IPO stocks prior to going public.

$83: Price the company’s IPO popped to immediately after going public, an 84 percent jump.

$122.70: Highest price LinkedIn’s stock traded for during its IPO.

$94.25: Per-share price LinkedIn stock closed at after its first day on the open market.

$14.50: Price LinkedIn shares traded for privately in April 2010.

$101.99: Amount LinkedIn’s stock opened at on Friday, the second day of public trading.

$9 billion: Approximate value of LinkedIn Corp at the $94.25 price point, which is about 20 times the company’s expected annual revenue.

$5.14 billion: Value of the LinkedIn shares owned by the company’s top three investors, including founder Reid Hoffman.

$130 million: Amount Business Insider says LinkedIn’s underwriters, Morgan Stanley and Bank of America, “screwed” the company out of by valuing the stock too low prior to its IPO.

$243 million: LinkedIn’s total sales for 2010.

$15.4 million: LinkedIn’s total profit on those sales.

$93.9 million: Reported LinkedIn revenue for the first quarter of 2011, a 110 percent increase from the same period last year.

$350 million: Total money earned by the company through its IPO.

$500 million: Estimated LinkedIn revenue for 2011.

$0: Amount LinkedIn expects to make in profit in 2011. This is due to money spent on investments in technology and international growth.

Andrew Couts
Former Digital Trends Contributor
Features Editor for Digital Trends, Andrew Couts covers a wide swath of consumer technology topics, with particular focus on…
I paid Meta to ‘verify’ me — here’s what actually happened
An Instagram profile on an iPhone.

In the fall of 2023 I decided to do a little experiment in the height of the “blue check” hysteria. Twitter had shifted from verifying accounts based (more or less) on merit or importance and instead would let users pay for a blue checkmark. That obviously went (and still goes) badly. Meanwhile, Meta opened its own verification service earlier in the year, called Meta Verified.

Mostly aimed at “creators,” Meta Verified costs $15 a month and helps you “establish your account authenticity and help[s] your community know it’s the real us with a verified badge." It also gives you “proactive account protection” to help fight impersonation by (in part) requiring you to use two-factor authentication. You’ll also get direct account support “from a real person,” and exclusive features like stickers and stars.

Read more
Here’s how to delete your YouTube account on any device
How to delete your YouTube account

Wanting to get out of the YouTube business? If you want to delete your YouTube account, all you need to do is go to your YouTube Studio page, go to the Advanced Settings, and follow the section that will guide you to permanently delete your account. If you need help with these steps, or want to do so on a platform that isn't your computer, you can follow the steps below.

Note that the following steps will delete your YouTube channel, not your associated Google account.

Read more
How to download Instagram photos for free
Instagram app running on the Samsung Galaxy Z Flip 5.

Instagram is amazing, and many of us use it as a record of our lives — uploading the best bits of our trips, adventures, and notable moments. But sometimes you can lose the original files of those moments, leaving the Instagram copy as the only available one . While you may be happy to leave it up there, it's a lot more convenient to have another version of it downloaded onto your phone or computer. While downloading directly from Instagram can be tricky, there are ways around it. Here are a few easy ways to download Instagram photos.

Read more