English Lessons

DIRECTIONS: Read the following and answer the questions?
http://www.grammar-help.blogspot.com/
http://www.americanenglishconversation.com/


Investors keen to get in on the online networking craze snapped up LinkedIn Corp.'s IPO at $45 per share late Wednesday, hitting the top end of the projected price range. It minted LinkedIn with a market value of more than $4 billion, the highest for a U.S. Internet company taking its first bow on Wall Street since Google Inc. went public nearly seven years ago.

LinkedIn Corp.'s shares will make their market debut Thursday on the New York Stock Exchange. Mutual funds, pension funds and other major money managers got the first chance to buy most of the IPO's 7.84 million shares because stock in these offerings is typically sold to investment bankers' top customers. That means Main Street investors will get their first chance at LinkedIn on Thursday. Most analysts believe that demand will send shares higher in their first day of trading even though the IPO price already is well above LinkedIn's initial target of $32 to $35 per share.

The lofty $4.3 billion appraisal of LinkedIn reflects investors' belief that Internet services that connect people with common interests will be able to make more money as the Web's audience steadily expands. LinkedIn's valuation eventually may look modest compared to other Internet companies that are being touted as potentially going public in the next 18 months. The short list includes: online messaging service Twitter, Web game maker Zynga, coupon site Groupon and Facebook, the social network that boasts more than 500 million users.
1. What was the initial price target?
A. 32 to $35 per share.
B. 85$ to 110$  per share.
C. 22$ to 3$2  per share.

2. What is Linked appraised at?
A. $8.2 billion.
B $10.6 billion.
C. $4.3 billion.