launched its IPO today. LinkedIn's offering was priced at $45, and the shares traded as high today as $122.70 before closing at $94.25; the company now has a market value of $9.1 billion. Kopelman invested in LinkedIn not through First Round but an earlier personal investment vehicle, Midas Capital. No word on the size of his stake, although it was presumably small, or when he invested.
Also, SAP Ventures, a unit of SAP AG, participated in a $22.7 million round in LinkedIn in late 2008. That round gave LinkedIn a valuation in excess of $1 billion at the time. SAP has worked with LinkedIn to develop applications to help connect its partner communities.