LinkedIn Raises $352M in IPO

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.

Wade Roush is a freelance science and technology journalist and the producer and host of the podcast Soonish. Follow @soonishpodcast

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