On LinkedIn’s IPO

LinkedIn Surges to More Than Double $45 IPO Price in First Day of Trading – Bloomberg

“There’s tremendous investor appetite for shares of social media companies, particularly the premier ones like LinkedIn,”

“a “substantial portion” of revenue comes from a business that’s comparable to the software-as-a-service model.”

“SaaS companies, including Salesforce, NetSuite Inc. and SuccessFactors Inc., sell subscriptions over the Internet rather than long-term licenses like traditional business-software companies.”

This model seems to work well for business services.

LinkedIn Founder Could Net $855 Million in Thursday’s IPO

Not that he could sell it now.