LinkedIn (LNKD) Prices IPO at $45 Per Share, Top End of Range

May 18, 2011 5:00 PM EDT
LinkedIn (NYSE: LNKD) announced the pricing of its initial public offering of 7,840,000 shares of common stock at a price to the public of $45.00 per share, the top end of the recently raised $42-$45 range.

Shares will open on the New York Stock Exchange (NYSE) Thursday under the symbol "LNKD."

A total of 4,827,804 shares are being offered by LinkedIn Corporation, and a total of 3,012,196 shares are being offered by selling stockholders. LinkedIn Corporation has granted the underwriters a 30-day option to purchase up to an additional 1,176,000 shares to cover over-allotments, if any.

The bookrunning managers of the offering are Morgan Stanley & Co. Incorporated, BofA Merrill Lynch and J.P. Morgan Securities LLC.

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