real-time news and commentary for investors
Wednesday, Sep 4
LinkedIn upsizes stock offering to $1.2B, prices it at $223
- LinkedIn (LNKD) is selling 5.38M shares at $223, and giving underwriters a 30-day option to buy another 807K shares. (PR)
- LNKD -2.1% AH to $234.01, after falling 2.9% in regular trading in response to the initial offering announcement. Speculation continues to swirl that the funds will be used to go after German professional networking site Xing.
- For reference, LinkedIn traded at $114.82 going into 2013.