23 May LinkedIn Price Doubles in IPO
Last week, I wrote about the Bazillion dollar deal with Skype being bought out by Microsoft. Well, this past week, the stock market created another Bazillionaire. LinkedIn, the professional social network company became a public company and listed their shares on the New York Stock Exchange. Reid Hoffman, the co-founder is now a Bazillionaire based on the current share price. I remember those good old dot com / technology boom days in the late 90’s where millionaires and billionaires were created overnight. It was an exciting time for me because it was the first time that I experienced such instant wealth through trading. But I have to admit that I was a cocky SOB when I complained to a friend that the stock I bought only doubled in price. I had expected it to at least triple.