NEW YORK, May 19, 2011 (BUSINESS WIRE) -- Today, LinkedIn Corporation, the world's largest professional network with more than 100 million members worldwide, opened for trading on the New York Stock Exchange (NYSE) under the ticker symbol "LNKD" after its initial public offering in which it raised $352.8 million in gross proceeds. LinkedIn CEO Jeff Weiner, joined by members of the company's management team, celebrated the company's first day of trading on the NYSE by ringing The Opening BellSM.
"LinkedIn is an excellent platform for connecting individuals professionally and fostering new business relationships across the globe," said Duncan Niederauer, CEO, NYSE Euronext. "We are thrilled to welcome LinkedIn to our growing community of technology-based listed companies, and we look forward to a successful, lasting partnership with the company and its shareholders."
"Becoming a publicly traded company on the NYSE is another significant step toward LinkedIn's goal of connecting the world's professionals to make them more productive and successful," said Jeff Weiner, LinkedIn CEO.
NYSE Euronext markets list 603 technology, media and telecom (TMT) companies with a total combined market capitalization of $4.268 trillion (as of April 30, 2011). Several recent notable TMT listings include: Sequans Communications (SQNS), Demand Media (DMD); NeoPhotonics (NPTN); IMAX (IMAX); Youku.com Inc. (YOKU); MagnaChip Semiconductor (MX) and Qihoo 360 Technology (QIHU), with several more soon to list including SuccessFactors (SFSF), Freescale Semiconductor (FSL), Pandora (P), 3D Systems Corporation (DDD) and Active Network (ACTV).
As of April 30, 2011, NYSE Euronext leads the U.S. market for Initial Public Offerings (IPOs) and new listings both in total capital raised as well as number of transactions for 2011, with $18.52 billion in IPO proceeds raised on the New York Stock Exchange through a total of 33 IPOS (including funds).
About LinkedIn (NYSE: LNKD)
LinkedIn is the world's largest professional network on the Internet with more than 100 million members in over 200 countries and territories, which currently includes executives from every Fortune 500 company. The company has a diversified business model with revenues coming from member subscriptions, advertising sales and hiring solutions. LinkedIn was founded in 2003 and is headquartered in Mountain View, California. (Source: LinkedIn)
About NYSE Euronext
NYSE Euronext (NYX) is a leading global operator of financial markets and provider of innovative trading technologies. The company's exchanges in Europe and the United States trade equities, futures, options, fixed-income and exchange-traded products. With approximately 8,000 listed issues (excluding European Structured Products), NYSE Euronext's equities markets - the New York Stock Exchange, NYSE Euronext, NYSE Amex, NYSE Alternext and NYSE Arca - represent one-third of the world's equities trading, the most liquidity of any global exchange group. NYSE Euronext also operates NYSE Liffe, one of the leading European derivatives businesses and the world's second-largest derivatives business by value of trading. The company offers comprehensive commercial technology, connectivity and market data products and services through NYSE Technologies. NYSE Euronext is in the S&P 500 index, and is the only exchange operator in the Fortune 500. For more information, please visit: www.nyx.com.
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SOURCE: NYSE Euronext
Judy Shaw, Media