Microsoft’s stated goals for the LinkedIn acquisition included growing the social network at a much faster pace and integrating it with the Microsoft Office suite. LinkedIn would retain its brand identity and CEO Jeff Weiner would remain at the helm, reporting now directly to Microsoft CEO Satya Nadella. Despite the stock’s volatility, those who were lucky enough to hold the stock from the start had an excellent return on the original $45 per share at the time of the IPO. Microsoft acquired LinkedIn in December 2016 in a $26.2 billion deal, which equated to $196 per share for LNKD investors. While the stock would gradually recover some of the lost ground over the next few quarters, it’s clear that the lower price paved the way for the stock to be acquired by Microsoft later in the year, with the stock jumping back up to just under $200 per share at the time of the acquisition. The shares ended that day near $108 per share, less than half of the giddy highs it reach in late 2013. LNKD shares dropped 43% in a single day, costing founder Reid Hoffman nearly half of his net worth on paper. That drop was nothing, however, compared to a year later in 2016 when investors were spoked even more by the growth outlook for the company. The shares had just hit an all-time high of more than $250, surpassing even the previous 2013 highs. In April 2015, LinkedIn shares dropped 20% on downward revised guidance for the year related to currency issues and costs related to the acquisition of. While LNKD stock had incredible momentum, it wasn’t all smooth sailing for investors.
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The company’s full year 2012 results helped propel the stock to more than $150 early in 2013, en route to hitting $240 by the fall of that year. It beat quarterly expectations and maintained breakneck growth. The excitement and performance was notable coming at a time when the overall economy was still attempting to shrug off the after effects of the financial crisis just a few years prior.ĭespite some concerns about the company’s valuation and the “frenzy” for internet stocks during this time period, LinkedIn stock was a standout performer in its first years on the market. It was the biggest internet IPO since Google’s in 2004 and would herald in a number of additional internet IPOs in the coming years ranging from Facebook to Groupon.
The company had its IPO in 2011 and soared more than 100% on its first day of trading, after initially pricing its shares at $45 under the stock ticker LNKD. The company soon became a staple of the online business world, allowing professionals to easily establish and expand their career networks, while also becoming a significant search engine for career opportunities.
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LinkedIn was founded in 2003 as a social network focused on on professional networking. LinkedIn as a whole will only slightly move the needle for Microsoft for the foreseeable future. Investors interested in gaining exposure to LinkedIn today should carefully analyze the large and diverse company that is Microsoft, with significant business lines in cloud computing, office software, gaming and hardware devices to determine if they are comfortable with the overall investment. More than five years on, the jury is still out on that question with Microsoft executives heralding LinkedIn’s revenue growth, while analysts seek more answers related to profitability. The wisdom of the deal split opinion among analysts, with some heralding it as a brilliant addition to Microsoft’s portfolio, while others questioned if the company would ever recoup its investment in the social networking company. The stock had many ups and downs since its debut and was ultimately acquired by Microsoft in 2016. The company helped herald in a new generation of internet stocks that exited investors and featured an IPO that surged 109% of its first day of trading in 2011. LinkedIn had a short but eventful life as stock. Introduction: What Happened to LinkedIn Stock? Investors interested in getting exposure to LinkedIn can do so by investing in Microsoft (MSFT), but should understand that LinkedIn will make only a limited impact on the bottom line of the company. As a result, LinkedIn stock no longer trades on the stock market. Quick summary: LinkedIn was acquired by Microsoft in 2016. The author holds none of the positions mentioned below.
None of the content below should be misconstrued as investment advice or a recommendation. Disclaimer: Lean Investments is a financial education and entertainment website.
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