Day #1 of an IPO is all about supply and demand, the story surrounding a company, and the support by the underwriters behind the scenes. Valuations are largely an afterthought in highly anticipated IPOs. LinkedIn Corp (LNKD) carries an astronomical valuation after today’s big run that is nearly impossible to justify. If you want long-term exposure to LNKD, I would definitely wait at least 4-6…
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