The long-awaited initial public offering for Mountain View, CA-based professional networking company LinkedIn went forward last night, with the company selling 7.84 million shares of common stock at $45 per share, raising some $352 million altogether. The company is now trading on the New York Stock Exchange under the ticker symbol LNKD. A report this morning in Dow Jones VentureWire tallied up the value of various shareholders’ stakes in the company post-IPO; c0-founder Reid Hoffman’s 20.1 percent stake is now worth $853 million, Sequoia Capital’s 17.8 percent stake is worth $758 million, Greylock Partners’ 14.9 percent stake is worth $632 million, Bessemer Venture Partners’ 4.8 percent stake is valued at $206 million, and Bain Capital Ventures’ 3.9 percent stake is worth $167 million.
Author: Wade Roush
Between 2007 and 2014, I was a staff editor for Xconomy in Boston and San Francisco.
Since 2008 I've been writing a weekly opinion/review column called VOX: The Voice of Xperience. (From 2008 to 2013 the column was known as World Wide Wade.)
I've been writing about science and technology professionally since 1994. Before joining Xconomy in 2007, I was a staff member at MIT’s Technology Review from 2001 to 2006, serving as senior editor, San Francisco bureau chief, and executive editor of TechnologyReview.com. Before that, I was the Boston bureau reporter for Science, managing editor of supercomputing publications at NASA Ames Research Center, and Web editor at e-book pioneer NuvoMedia.
I have a B.A. in the history of science from Harvard College and a PhD in the history and social study of science and technology from MIT. I've published articles in Science, Technology Review, IEEE Spectrum, Encyclopaedia Brittanica, Technology and Culture, Alaska Airlines Magazine, and World Business, and I've been a guest of NPR, CNN, CNBC, NECN, WGBH and the PBS NewsHour. I'm a frequent conference participant and enjoy opportunities to moderate panel discussions and on-stage chats.
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