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It opened its initial public offering (IPO) with an Offer For Sale (OFS) of ₹ 567 crore (US$66 million) comprised with ₹240 crore fresh issue and ₹327 crore by promoters and investors up to 48.69 lakh equity shares worth in BSE & NSE on 7 July 2023. [9] [10] [11] The IPO gained a premium of 94% to the issue price of ₹1,296 on the ...
An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors [1] and usually also to retail (individual) investors. [2] An IPO is typically underwritten by one or more investment banks , who also arrange for the shares to be listed on one or more stock exchanges .
The trading of LinkedIn shares on private exchanges puts its value at about $3 billion, well short of Groupon at $6 billion or Facebook at $50 billion. The reason is simple: The professional ...
LinkedIn has more than 1 billion registered members from over 200 countries and territories. [7] LinkedIn allows members (both employees and employers) to create profiles and connect with each other in an online social network which may represent real-world professional relationships. Members can invite anyone (whether an existing member or not ...
LinkedIn, a social network service that connects business people to one another, doesn't have the brand name, dazzle, or appeal of Facebook or Groupon. But that may not stop it from an initial ...
LinkedIn investors strapped in for a rocket ride Thursday, as its newly minted shares more than doubled during its public debut. The social networking giant, which priced its IPO at $45 a share ...
LinkedIn acquires Connectifier, a web application that helps companies with their recruiting. [48] 2016: February: Company: LinkedIn's shares drop 43.6% within a single day following an earnings report, down to $108.38 per share. LinkedIn loses $10 billion of its market capitalization that day. [49] [50] 2016: June 13: Acquisitions
Getting in on an initial public offering — more commonly called an IPO — seems like the ticket to riches. Buy a hot new stock and get in on the ground floor of a blockbuster company with the ...