LinkedIn (LNKD) Prices 8.75M Common Secondary Offering at $71/Share

November 17, 2011 6:45 AM EST Send to a Friend
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.


Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

Corporate News, Equity Offerings

Add Your Comment