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LinkedIn IPO Prices at $45

The frenzy to own social media appears to be in full swing. On Wednesday after the bell LinkedIn priced its IPO at $45 – the top of its $42 - $45 range.

”There will be a lot of focus on how the stock trades on Thursday,” adds CNBC reporter Julia Boorstin.

The stock market's reception of LinkedIn is widely considered an important gauge of investor appetite for other social networking companies including Facebook, Twitter, Groupon and Zynga -- which are expected to go public in coming years.

The $45/ share price from LinkedIn values the company at almost 17 times its 2010 revenue. That is about half the valuation multiple that investors are giving to Facebook, which is expected to go public in April 2012 and now has a market value of around $70 billion

LinkedIn will trade on the NYSE under the ticker LNKD.




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Dennis Gartman
Funds Managed by Dennis Gartman are short Yen
Funds Managed by Dennis Gartman own Asian Short term Government Bond fund
Funds Managed by Dennis Gartman own gold, copper, corn, crude oil, soybeans

For Anthony Scaramucci
Skybridge is a Fund of Funds Manager
Funds held May or May not Own the Recommended Securities

For Joe Terranova
Terranova is Chief Market Strategist of Virtus Investment Partners, LTD
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Accounts Managed By Brian Kelly Capital Own (TLT) Calls”
Accounts Managed By Brian Kelly Capital Are Long Australian Dollars
Accounts Managed By Brian Kelly Capital Own (AGO)
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Accounts Managed By Brian Kelly Capital Own (MCP) Calls
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Accounts Managed By Brian Kelly Capital Are Short Yen

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CNBC.com with wires.