Nightly News   |  May 19, 2011

LinkedIn launches red-hot IPO

LinkedIn, the social network for business professionals, went public with a stock offering that soared in its debut. NBC's Brian Williams reports.

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This content comes from a Full-Text Transcript of the program.

BRIAN WILLIAMS, anchor (Los Angeles): For a time today, if you looked at the ticker on Wall Street , it was like they set the way-back machine to the dot-com craze of 1999 . The initial public offering for that business-focused social media site LinkedIn you see all over the Web soared to nosebleed heights right out of the gate, closing at $94 and change after the stock was offered at $45. That's a one-day gain of 109 percent. Nice if you were in on the deal. Nothing that dramatic on the rest of Wall Street . Dow finished the day up 45 points.