Linkedin Is Now Worth More Than....
LinkedIn’s $8.9 billion valuation means the company now has a larger market cap than JCPenney, MolsonCoors and even United Continental Holdings, the world’s largest airline.
The company ended its first day of trading (under the symbol LNKD) at $94.25 — more than twice the opening price of $45. That valuation easily puts LinkedIn among the 500 largest companies in the U.S.
To get an idea of how big LinkedIn is now, here are some other well-known companies with valuations in the same range:
- Tiffany & Co.: $8.9 billion
- Red Hat: $8.8 billion
- Sirius XM: $8.8 billion
- Chipotle: $8.8 billion
- Royal Caribbean Cruises: $8.7 billion
- Hormel Foods: $8.1 billion
- Electronic Arts: $8 billion
- Hyatt Hotels: $7.9 billion
- Expedia: $7.5 billion
- Seagate Technology: $7.1 billion
- Tyson Foods: $7 billion
- CarMax: $6.8 billion
- Hertz Global Holdings: $6.7 billion
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