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LinkedIn IPO Priced at $32-$35 — Which May Be Cheap!

May 9, 2011, 10:35 am EDT

The leading social network for professionals, LinkedIn, released the pricing details of its eagerly-awaited IPO this morning.  The company intends to issue 7.8 million shares (under the proposed ticker LNKD) at a range of $32 to $35. At the mid-point, the valuation would be $3.3 billion.

Yet it’s a good bet that the opening price will be 30% to 40% higher when the shares hit the market — which will probably be in the next week or so.

Founded in 2003, LinkedIn is a pioneer in Web 2.0. The company is a kind of Rolodex for the 21st century, allowing professionals to network over the Internet — without putting up with those goofy family photos and embarassing comments from ex-girlfriends that can abound on other social networking sites like Facebook and Twitter. LinkedIn is meant to be for professionals first, an imporant distinction that makes it unique. Read 

Zipcar Shares — 3 Pros, 3 Cons

Apr 14, 2011, 11:49 am EDT

Founded in 2000, Zipcar (NYSE:ZIP) is now the world’s largest car-sharing service, with more than 560,000 members (called Zipsters).  Here’s how the service works:  A Zipster will use the Web, iPhone or traditional phone to locate a car and use a Zipcard to unlock it.  He or she will then be charged only for the time it is used.  It’s an innovative model and would not be possible but for the cutting-edge technologies that have emerged over the past decade.

As a testament to its success, the company has just pulled off an IPO, Zipcar issuing 9.7 million shares late Wednesday at $18 each, which was above the $14-$16 expected range.  And so far in Thursday’s trading, the stock price is up a sizzling 61%.

But perhaps the action is too frothy, or is there still value for investors?  Here’s a look at the pros and cons: Read 

Qihoo 360 Stock Doubles in IPO Debut

Mar 30, 2011, 10:54 am EDT

The 2011 IPO of Qihoo comes straight from the playbook of the dot-com 1990s.  Qihoo 360 (NYSE: QIHU), which is a Chinese provider of antivirus software, originally set the price range of its deal at $10.50 to $12.50. Then Qihoo increased it to $13.50 to $14.50.  With demand at 40 times the amount being raised, the final price of the QIHU stock IPO came to $14.50.

Well, QIHU investors thought that price still too low.  So far in today’s trading, the shares of Qihoo 360 are trading at $29.  With 175 million shares outstanding, the market value of the company is a whopping $5 billion overnight.

Why all the excitement?  Well, Qihoo 360 is the #3 Internet company in China, with a user base of 339 million.  That’s an 85.8% penetration rate. Read 

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