Remember when I speculated that the LinkedIn IPO might not make Reid Hoffman a billionaire? Open mouth, insert foot. With LinkedIn’s initial public offering today, Herr Hoffman is a billionaire two times over (at least at LNKD’s intraday share price of more than $100).
But the LinkedIn co-founder and chairman isn’t the only one who has made out like a bandit in the IPO. Four venture firms — Bain Capital, Bessemer Venture Partners, Greylock Partners and Sequoia Capital — as a group hold shares worth in excess of $4 billion.
Following is a slideshow of the top 10 biggest winners in the IPO — based on LNKD’s price of $107.00 per share at 12:27 p.m. EDT. Given that the stock zoomed from an opening price of $80 to as much as $122.70 today, it is anyone’s guess as to where it will finally close at the end of the day. Still, that won’t affect our rankings.
(Note: All of the data in the following slideshow, except for share price and share value, are from LinkedIn’s most recent S-1 filing. Biographical info is from the S-1 and profiles on LinkedIn.)