To: Glenn Petersen who wrote (115 ) 11/16/2011 7:56:21 PM From: Glenn Petersen Respond to The LNKD follow-on offering has been priced at $71 per share:LinkedIn Announces Pricing of Its Follow-On Offering /quotes/zigman/5131883/quotes/nls/lnkd LNKD +0.69% today announced the pricing of 8,750,000 shares of its Class A common stock at $71.00 per share in a follow-on public offering. In addition, the underwriters have a 30-day option to purchase up to 1,312,500 additional shares of Class A common stock from LinkedIn to cover over-allotments, if any. LinkedIn will sell approximately 1,300,000 shares in the offering; the remaining shares will be sold by existing stockholders. As part of the underwriting procedures, all selling stockholders, as well as all officers and directors, have agreed to lock-up agreements for a period of 90 days following the offering. The principal purposes of this offering are to raise capital for the company, facilitate an orderly distribution of shares and increase the company's public float. The proceeds of the primary portion of the offering will be used to provide additional working capital for LinkedIn, including further expansion of its product development and field sales organizations, for capital expenditures and potential strategic acquisitions or investments. marketwatch.com
