Seeking Alpha

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.

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Comments (10)
  • Vegas Ben
    , contributor
    Comments (216) | Send Message
    4 Sep 2013, 08:06 PM Reply Like
  • SoldHigh
    , contributor
    Comments (1013) | Send Message
    Excellent move by LNKD mgmt - smart companies raise cash when they don't need it. Sell with both fists in these euphoric market conditions!
    4 Sep 2013, 08:07 PM Reply Like
  • SharkDude
    , contributor
    Comments (736) | Send Message
    Well of course. When your stock is overvalued sell as much as you can!
    4 Sep 2013, 09:45 PM Reply Like
  • Michael Bryant
    , contributor
    Comments (6052) | Send Message
    $26 billion market cap
    Trailing PE of 912


    I'll pass. (LNKD) is just like (TSLA). Oops, don't want to anger the (TSLA) faithful.
    4 Sep 2013, 10:48 PM Reply Like
  • bdy
    , contributor
    Comments (157) | Send Message
    Careful Michael, you don't want to start a theological debate on SA!
    5 Sep 2013, 09:18 AM Reply Like
  • Bouchart
    , contributor
    Comments (913) | Send Message
    Now you've done it!
    5 Sep 2013, 11:02 AM Reply Like
  • seekingalpha180
    , contributor
    Comments (8) | Send Message
    tsla to 340 soon
    5 Sep 2013, 01:15 AM Reply Like
  • J Mintzmyer
    , contributor
    Comments (6321) | Send Message
    Glad to see they finally got hit with a bit of a discount-- close to 9%.


    Blowing the funds would be nice. Please do it immediately! (Short LNKD)
    5 Sep 2013, 01:36 AM Reply Like
  • ctuemmler
    , contributor
    Comments (5) | Send Message
    I was thinking I would sell it before closing bell Monday because it was up so much, unfortunately I didn't (dam!). I guess LNKD thought the same thing but did. Gotcha.
    5 Sep 2013, 09:20 AM Reply Like
  • bdy
    , contributor
    Comments (157) | Send Message
    annnnnnddddd it just rallied .
    5 Sep 2013, 01:31 PM Reply Like
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