Scott Cutler is Executive Vice President and Head of Global Listings at NYSE Euronext.
Mr. Cutler is responsible for the NYSE listing...
This morning, in a much anticipated debut, LinkedIn launched into the public markets. At our listing breakfast, Reid Hoffman, founder, said "It takes a Network" to create a world class organization. The stock opened at 83 on 2.17mm shares after pricing last night at 45. They are adding a million users a week from around the world on their platform, and just debuted into a sophisticated market of global investors. Scarcity drove an exciting open, the likes of which we have not seen in tech for nearly a decade.
The good news is this is just the beginning of a new era of technology leaders in social networking and Internet enabled delivery models. A bubble? No. The 2000s were companies with no revs, no profits and dreams. The companies coming today are marked with significant revenue, profits, global growth, business penetration, and most importantly experience maturing business models through at least one major financial crisis. If today is any sign of things to come, we are in for an exciting race in the next year. Pick the winners.