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.
From other sites
Comments (10)
  • Vegas Ben
    , contributor
    Comments (216) | Send Message
     
    Interesting!
    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 (714) | 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 (5823) | 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 (827) | 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 (4979) | 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
DJIA (DIA) S&P 500 (SPY)
ETF Hub
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