Last week, LinkedIn's IPO went crazy. The stock rose to $93, which is almost 600 times earnings. I was interested in the effect on their employees as they usually work for peanuts in hopes of such payoffs.. I'm sure their paper riches must have had them abuzz.
I don't know how many employees work at LinkedIn, but let's assume 1,000. We do know the employee holds 18 million shares of stock options at an average strike price of $7. That means the average employee earned $1.5 million on Friday. Nice day.
With so many options in play, it's probable these employees were accepting low wages and gambling for a jackpot of this type, but I'm sure this exceeded their expectations.
The worker bees at Facebook must be salivating for a similar stock market success.
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