Nine billion dollars. That’s the valuation of LinkedIn after a strong performance in its first day of trade. That could be great news for the four buzziest other tech companies pondering IPOs: Facebook, Twitter, Groupon, and Zynga. “LinkedIn’s performance suggests there is going to be massive excitement around the likes of Facebook, which is even bigger,” says Max Wolff, a senior analyst at GreenCrest Capital. When can we expect that?
CNNMoney reports that Facebook isn’t itching for IPO, but it has said that it will begin filing public financial statements by April 2012—a date that could coincide with going public. While Twitter seems in no rush to offer shares, Groupon’s Andrew Mason is rumored to be shopping an IPO around to the big banks.
Read more on CNN Money.
