Portland companies stand to benefit from LinkedIn IPO


The success of LinkedIn’s public stock offering, which doubled by the end of its first day of trading, bodes well for Portland tech companies.

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The success of LinkedIn’s public stock offering, which doubled by the end of its first day of trading, bodes well for Portland tech companies.

No one in this area stands to benefit more from LinkedIn’s IPO success than Jive Software, which helped create a new category of social media tools for collaboration within businesses. The company moved its headquarters to Palo Alto, Calif., last year, but some executives and 160 of its employees remain in downtown Portland.

“It’s great to see this story playing well,” said chief financial officer Bryan LeBlanc. The investors on Wall Street have been hungry for a new story, in an untapped space.”

Jive has indicated it hopes to hold its own IPO this year. The company isn’t commenting on its plans now, but LeBlanc said his colleagues greeted LinkedIn’s success enthusiastically.

Read more at OregonLive.com.

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