LinkedIn (LNKD) IPO Surges Higher
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After pricing 7.8 million shares at $45 per share and opening sharply higher at $83 per share, LinkedIn's IPO continues to see unprecedented investor interest into the afternoon session. The stock traded to as high as $122.69 earlier, but has now pulled back slightly and is trading around $107.
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.
Based on opening print of $83, LinkedIn's market cap is $7.8 billion based on 94,498,627 shares outstanding.
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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.
Based on opening print of $83, LinkedIn's market cap is $7.8 billion based on 94,498,627 shares outstanding.
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