LinkedIn announces $1B stock offering, shares -2.3% AH


LinkedIn (LNKD) is offering $1B worth of Class A shares, with a $150M underwriter option. At current levels, the offering would increase the company's diluted share count by 3%, and its float by 4.5%. (PR) (S-3)

The professional social networking kingpin says it's looking to increase its "financial flexibility" and "further strengthen its balance sheet." With $873M in cash/investments at the end of Q2 and no debt, LinkedIn's balance sheet is already pretty strong. Is the company looking to make a big acquisition?

Previous acquisitions: Pulse, SlideShare

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