Well, this is just going to encourage them, isn't it?
LinkedIn came public today and has more than doubled in price from its already jacked-up offering (meaning that the company kind of got ripped off, since the public was willing to pay far more for the shares than their bank paid LinkedIn). In any event, this kind of eye-popping event is just going to increase the hype around Groupon, Zynga, and – the biggest of the Big Kahunas of them all – Facebook.
It'll be nice once all these IPOs are behind us, since the public appetite for these things is bound to keep things elevated until it's all over, particularly Facebook. It'll probably be a year before all these household names are publicly traded, though.
Congratulations to Reid Hoffman and his team for putting together a very cool company and a very successful IPO.
