People said this same thing about Zipcar. But, won't the stock price stabilize in the near future to around the IPO price?
Yes, it will likely stabilize in the mid-eighties over the next few weeks. However Blodget's main argument here is that the underwriters left a lot of money on the table. Assuming a more proper price for the stock of around $60 (instead of the $45) means that LinkedIn left about $130 million on the table.