“We have a short operating history in a new and unproven market, which makes it difficult to evaluate our future prospects and may increase the risk that we will not be successful” – LinkedIn’s offer document.
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LinkedIn shares were up 90% in its public trading debut today.
LinkedIn sold 7.84 million shares for $45 each, for a total of $352.8 million yesterday (Wednesday).
We are big fans of LinkedIn at MediaTel – witness MediaTel Group’s Media Village Network for instance – or witness it if you can. As flotation day gets closer, LinkedIn seems to be getting slower and slower.
talkSPORT owner UTV Media enjoyed a 3% year on year revenue increase in the first four months of 2011, but remains cautious for the rest of the year.
Aegis has posted a 16.3% YoY increase in total group revenues for Q1 2011 on a reported basis. Organic group revenue, excluding the effects of currency movements, acquisitions and disposals, was up +9.1% in the first quarter, compared to the prior year.
ITV family net advertising revenues (NAR) grew 12% in Q1, while group revenues were up 11% to £500 million, marginally ahead of Bank of America Merrill Lynch’s (BoAML) forecast of £494 million. ITV’s positive results were driven by stronger growth in external content.
Apple has become the world’s most valuable brand, ending Google’s four-year reign at the top of the table in the BrandZ Top 100 Global Brands study conducted by Millward Brown.
WPP enjoyed a 7.0% increase in revenues in Q1 2011 to £2.223 billion. WPP revenues in constant currency were up 8.4%, reflecting the strength of the pound against the US dollar and Euro.
Sky has released its financial figures for the nine months ending 31 March 2011, revealing strong growth for the company. Revenues for the past nine months rose 14% to £4.8bn. In the January to March period, revenues grew 13% to £1.46bn.