IPO

Summary Box: Excitement builds for LinkedIn's IPO

AP News
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Posted: May 17, 2011 5:08 PM
Summary Box: Excitement builds for LinkedIn's IPO

HOT IPO: Online professional networking service LinkedIn Corp. raised the price for its upcoming IPO by 30 percent to $42 to $45 per share. The increase reflects the high demand to invest in the first of what's likely to be several IPOs from Internet companies specializing in bringing together people with common interests.

LOFTY APPRAISAL: LinkedIn is expected to debut Thursday with a market value of at least $4 billion. That would be the highest for an U.S. Internet IPO since Google Inc. went public nearly seven years ago.

THE CONCEPT: LinkedIn's website acts as part Rolodex, part hiring center.