LinkedIn: Biggest Internet IPO Since Google raised $1.67 billion back in August 2004

I honestly thought that LinkedIn would be a great purchase for Google, maybe they will buy enough to be a controlling partner, with Google domination of the search engine market and a few others- the business partnerships to me, seems like it would be a match made in Heaven.

By Shira Ovide

LinkedIn and its investors are selling $352.8 million worth of stock in its IPO, marking the Facebook-for-work as the biggest U.S. Internet IPO since Google.

 

According to data provider Capital IQ, the amount of money LinkedIn is raising makes it the fifth-biggest-ever U.S. IPO in the Internet software and services sector.

Just for some context: Google’s 2004 IPO — which at the time seemed like a bit of bungle — ended up raising $1.67 billion. The offering valued Google at $23 billion, a dollar figure The Wall Street Journal pointed out was bigger than the market value of General Motors.

 

 

Nearly seven years later, Google is a cash machine with a market value of $171 billion. And GM, fresh from its bankruptcy filing is worth $47 billion.

Here is the top-10 list of U.S. Internet IPOs, according to Capital IQ:

1) Google/Aug. 2004 — raised $1.67 billion

2) Navteq Corp/Aug. 2004 — raised $880 million

3) Savvis/Feb. 2000– $408 million

4) Northpoint Communications/May 1999 — $360 million

5) LinkedIn/May 2011 — $352.8 million

6) Via Net.Works/Feb. 2000 — $315 million

7) Spark Networks/Feb. 2006 — $259 million

8) Limelight Networks/June 2007 — $240 million

9) Equinix/Aug. 2000 — $240 million

10) Akamai/Oct. 1999 — $234 million

Source: http://blogs.wsj.com/deals/2011/05/18/linkedin-biggest-internet-ipo...

LinkedIn for Dummies on Amazon

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