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RenRen Who?: LinkedIn LNKD Shares Skyrocket 140% On IPO

RenRen Who?: LinkedIn LNKD Shares Skyrocket 140% On IPO

LinkedIn began trading under the LNKD ticker symbol on the New York Stock Exchange today, pricing its IPO at $45 per share – the high end of the range expected by investors. That would have given the company a $4.5 billion market cap on $243 million in net revenue in 2010, but that’s not where the price has settled. Jumping as much as 173% above that $45 share price, the stock is currently trading north of $106 and has gone as high as $122.70 today.

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5 Reasons Why RenRen Will Never Be a Facebook Equivalent

5 Reasons Why RenRen Will Never Be a Facebook Equivalent

RenRen, a Chinese social network, just had a very successful IPO that raised $743 million for the company on shares priced at $14 (the high end of what many analysts anticipated). Currently, the stock is trading at $16.76 per share, giving the company a valuation of $6.5 billion on revenue of $67.5 million in 2010 – up 64% from 2009 revenues.

There’s certainly value in the network, but we have to go against the many media outlets who’ve promoted RenRen as “the Chinese Facebook.” It’s not.

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Imran Amed's Signature9

Imran Amed's Signature9
The Business of Fashion editor introduces us to his signature style items

Diane Pernet's Signature9

Diane Pernet's Signature9
Fashion blogger and film festival creator, Diane Pernet, shares nine of her favorite things

Video interview with Vogue Paris editor Carine Roitfeld

90 Seconds with Carine Roitfeld
In a Signature9 exclusive, we catch up with the Vogue Paris editor-in-chief

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