According to a press release about to post, LinkedIn will price its shares at $45 each in its IPO tomorrow.
The price, at the top of its range, will give the Silicon Valley business networking company a $4.5 billion valuation.
That’s a stunning number for LinkedIn and a sign that the once moribund market for Internet companies is back, with investors clamoring to be part of the Web game again.
It’s also stunning given LinkedIn earned just over $15 million on revenues of $243 million last year.
But it does have 100 million business users and seems to be the spear tip of a number of promising Web companies that are expected to be coming to market, including Facebook, Groupon and Zynga.