LinkedIn IPO Tomorrow

LinkedIn priced its IPO at $42 to $45 a share, up from its original planned price of $32 to $35 a share. This would make LinkedIn worth an approximate $4 billion!

Granted LinkedIn is money making but is it worth 4 billion? Last year’s revenues were 123 million with a profit of $15.3 million. That would make it have a P/E of 260 or so.

Update May 19: So the LinkedIn IPO opened at $83 and is currently sitting at around $100. Do people really think LinkedIn is worth nearly 10 billion dollars?!

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