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

From other sites
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs