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

November 17, 2011 6:45 AM EST
Get Alerts LNKD Hot Sheet
Price: $195.96 --0%

Overall Analyst Rating:
    NEUTRAL (= Flat)

Trade Now! 
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.


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

You May Also Be Interested In





Related Categories

Corporate News, Equity Offerings