May 19 , 2011




LinkedIn’s IPO estimated at $4-billion, but where’s the value? Business valuation expert available



Hamilton, Ont. May 19, 2011Michael Carnegie, a Chartered Business Valuator and AIC Industry Professor in Strategic Business Valuation at the DeGroote School of Business is available to discuss LinkedIn’s IPO.


“Current speculation is that the IPO price will give LinkedIn a market value of more than $4 billion.  For the most recent year, revenue was $243 million and profit was $3.4 million.  So, where’s the value?” says Carnegie.  “The market must be expecting a huge growth in revenue and profit to justify that level of market cap, especially since the company is not expected to show a profit again for at least several quarters.” 


Television Editors – Live interviews with Michael Carnegie can be arranged using McMaster’s broadcast studio. Call Leah Rosenthal at 905-525-9140 ext. 27436 to schedule airtime and book a live feed from campus.


Radio and Print Editors – Contact Michael Carnegie directly (905)645-5576 or to arrange an interview.




For more information contact:


Leah Rosenthal

Communications Officer

DeGroote School of Business, McMaster University

905-525-9140, ext. 27436