Photo: Greylock VC
LinkedIn’s IPO has sent investors into a frenzy, bidding the stock up to a high of $122 during its first day of trading after it was priced at relatively low $45 a share.Some people are calling this the Netscape IPO for a new generation. We don’t think it’s quite that big a moment, but it is setting the stage for next wave of huge tech IPOs.
Who’s next to come down the pike? Read on to find out.
Kayak is the leader in travel search and has a great business. Revenue for the nine months ended September 30 2010 was $128 million, with net income of $6.2 million. The only problem? Kayak gets most of its flight data from a company called ITA Software, which Google is acquiring, almost certainly to build a competing product.
Active Network provides software for event registration and management. It's obviously big business and Active Network wants to cash in by raising $150 million.
... but when it does IPO, it will go nuts. Facebook is valued around $70 billion on the private markets now. When it IPOs it will likely go to moon because it's going to have huge buzz from consumers and investors.
LinkedIn's share price doubled today, zooming from its $45 pricing to an intraday high of $122. It's fallen back, but it's still making the shareholders that got in at $45 rich.
When Demand Media, the so-called 'content farm', went public, it had a lot of sceptics. But, it's won over at least one Wall Street analyst who thinks it's a buy. It doesn't seem to be helping, since the stock has fallen since its first day of trading.
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