On Tuesday, news broke that LinkedIn had raised its pre-IPO price range, a move that drew no shortage of attention and raised eyebrows among avid market watchers already curious to see how Thursday’s LinkedIn IPO will turn out.
This morning, I had an opportunity to connect with Lee Simmons, editor of Hoovers, an IPO research service.
When asked if social media and its various genre titans will continue to have an impact on Wall Street, Simmons offered insight as to whether or not we’re entering a new social media bubble.
“My suspicion is that valuations like the kind we’re seeing with LinkedIn will eventually even out over the course of the year as more social media firms file to go public,” Simmons tells Mobile Marketing Watch.
via Does LinkedIn IPO Represent The Start of a Social Media Bubble on Wall Street? | Mobile Marketing Watch.