"It's hard to define success when we're just a couple of hours into it, but they're off to a great start," says Scott Cutler, NYSE Euronext's executive vice president and head of listings, Americas, in this video interview with The Deal Pipeline about LinkedIn Corp.'s debut on the New York Stock Exchange. A great start, indeed. The stock nearly doubled soon after it opened under the ticker symbol LNKD, giving the first major social networking company to go public a valuation of about $9 billion. "They're defining a new category, and the message for them is to maintain the market leader position, take advantage of the capital they've got now and grow as quickly as they can to maintain that leadership position," Cutler says. "The spoils always go to the leaders." For a previous video interview with Cutler on upcoming social media IPOs, watch, "Facebook, et al. weigh strategic value of IPOs." - Mary Kathleen Flynn Share:
Ken deRegt will retire as head of fixed income at Morgan Stanley and be replaced by Michael Heaney and Robert Rooney. For other updates launch today's Movers & shakers slideshow.
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