Cross-Market Commentary: Can LinkedIn Keep Up With Its Share Price? May 11
Standard & Poors, May 2011
Abstract
In the week following LinkedIn Corp.'s $352.8 million initial public offering (IPO), several notable developments regarding the company have occurred. First, according to data retrieved from Capital IQ, LinkedIn now has a market capitalization in excess of $9 billion, placing the company's valuation among the top 50 technology companies in the U.S. Second, and perhaps of greater significance, is that among all U.S. IPOs completed since 2005, LinkedIn is among the 15 largest U.S. companies. In table 1 below, only two other IPOs priced this year-- HCA Holdings Inc. and Kinder Morgan Inc.--have market capitalization currently trading above $1 billion. Among U.S. IPOs completed since August 2007, LinkedIn ranks as having the 10th largest current market value. Furthermore, LinkedIn's shares,...
Companies mentioned in this report are: Kinder Morgan Inc.,HCA Holdings Inc.
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research Type: Commentary
Criteria articles describe the thought process and methodology Standard & Poor's analysts use in determining ratings. These commentary pieces discuss both the quantitative (economic and financial) and qualitative (business analysis and caliber of management) aspects of the analysis, as well as legal issues.
Kinder Morgan Inc.,HCA Holdings Inc.
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