LinkedIn (LNKD) Prices 8.75M Common Secondary Offering at $71/Share
Get Alerts LNKD Hot Sheet
Join SI Premium – FREE
LinkedIn Corporation (NYSE: LNKD) has priced an 8,750,000 shares of its Class A common stock at $71.00 per share in a follow-on public offering.
In addition, the underwriters have a 30-day option to purchase up to 1,312,500 additional shares of Class A common stock from LinkedIn to cover over-allotments, if any. LinkedIn will sell approximately 1,300,000 shares in the offering; the remaining shares will be sold by existing stockholders. As part of the underwriting procedures, all selling stockholders, as well as all officers and directors, have agreed to lock-up agreements for a period of 90 days following the offering.
In addition, the underwriters have a 30-day option to purchase up to 1,312,500 additional shares of Class A common stock from LinkedIn to cover over-allotments, if any. LinkedIn will sell approximately 1,300,000 shares in the offering; the remaining shares will be sold by existing stockholders. As part of the underwriting procedures, all selling stockholders, as well as all officers and directors, have agreed to lock-up agreements for a period of 90 days following the offering.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Universe Pharmaceuticals (UPC) Files for 20M Share Offering by Selling Stockholders
- Arvinas Inc. (ARVN) Appoints Randy Teel as Chief Business Officer
- Canadian Pacific Kansas City (CP) Announces Results of Board Elections
Create E-mail Alert Related Categories
Corporate News, Equity OfferingsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!