US professional-networking website LinkedIn on Thursday made a strong debut on NASDAQ, with stocks jumping to more than double from their initial public offering (IPO).

The LinkedIn stock was set at $45 a share in the initial public offering, but it opened at $83 a share and quickly hit $94.25. The 109 per cent increase was the best since China's Qihoo 360 reported a jump of 134 per cent in March.

LinkedIn raised around $353 million, which values the company at more than $4 billion.

Bruce Brumberg, editor-in-chief of Mystockoptions. com said that going public is better than selling out to another company because IPO offers better wealth-creating opportunity.

Speaking on the topic, Brumberg said, "There is much more wealth-creating opportunity in an IPO than in an acquisition. The public markets will value your company a lot more than an acquirer will."

LinkedIn's stock received strong reception from the side of investors because was the only option for those who had been waiting to invest in social-networking companies.

It also acted as a stage-setter for other social-media IPOs to come. Investors have long been keenly waiting for the IPOs of world’s most popular social-networking site Facebook and micro-blogging platform Twitter.