I have civilian friends and colleagues in the wealth management business that are using LinkedIn up a storm. I simply don’t get it. The email updates seem more like an annoyance than anything else. I’m sure there are things I should be doing with LinkedIn that I’m not, but there are only so many minutes in a day.
I’m interested in the LinkedIn IPO purely as a gauge of what kind of reception future social media deals will get when they debut. This is the first “biggie” of the year in that space.
WSJ Deal Journal has the details on who the big winners will be…
Topping the LinkedIn IPO winners is Reid Hoffman, LinkedIn’s co-founder, who will control 21.7% of the company’s voting power after the IPO. At LinkedIn’s just announced plans to price its IPO stock at $32 to $35 a share, Hoffman’s stock is valued at up to $667.3 million.
Based on the top end of LinkedIn’s IPO range, Hoffman and four of the company’s top executives stand to make a paper windfall of $809.6 million.
There are lots of venture guys in it as well, click over for a who’s who.