LinkedIn shares more than doubled Thursday in a strong public-trading debut highlighting investor interest in social-networking companies. LinkedIn’s stock soared more than 140% to $108.25, valuing the company at roughly $10 billion, as the professional-networking site began trading on the New York Stock Exchange.LinkedIn is more geared to professionals, and draws a big chunk of its revenue from services offered to businesses. LinkedIn said it has nearly 3,900 companies using its “hiring solutions” service for recruiting.
LinkedIn announced in March that it reached 100 million members, with more than half of its members based outside the United States. The company said it was seeing its fastest growth in Brazil, Mexico, India and France.
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