LinkedIn's Successful IPO Validates Social Media as Investment

On May 19th, LinkedIn listed on the New York Stock Exchange under the symbol LNKD, at a price of $45 per share. The stock peaked at $122.70 on the opening day, showing investor excitement in the business social network model that LinkedIn dominates.

Webvent offers a hearty congratulations to our Advisor Eric Ly, who was a co-founder at LinkedIn (NYSE: LNKD) and the founding CTO. He helped create some of LinkedIn’s core product features, and built the team that created LinkedIn’s third-party platform.  His work helped LinkedIn to achieve a quickly-growing user base now reaching more than 103 million.  Mr. Ly is now CEO and Founder of Presdo Match, a revolutionary product that creates social networks around conferences and trade shows and enables event exhibitors and attendees the opportunity to develop valuable business relationships through face-to-face interactions.

LinkedIn is the first of several anticipated social media IPOs, so watch for Zynga, Facebook, and Twitter yet to come.