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LinkedIn Corp Announces Proposed Follow-On Offering


Tuesday, 3 Sep 2013 04:05pm EDT 

LinkedIn Corp announced that it is commencing an underwritten registered public offering of $1.0 billion of shares of its Class A common stock. In addition, LinkedIn will grant the underwriters an option to purchase up to an additional $150 million of its shares of Class A common stock. The principal purposes of the offering are to increase LinkedIn's financial flexibility and to further strengthen its balance sheet. LinkedIn intends to use the net proceeds of the offering primarily for general corporate purposes, including working capital, expansion of its product development and field sales organizations, international expansion, general administrative matters and for capital expenditures, including infrastructure. It may also use a portion of the net proceeds from the offering for potential strategic acquisitions of, or investments in, complementary businesses, technologies or other assets. The lead bookrunning managers of the proposed offering are J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC. Goldman, Sachs & Co. and BofA Merrill Lynch are acting as joint bookrunning managers of the proposed offering. Allen & Company LLC is acting as co-manager. 

Company Quote

234.61
2.77 +1.19%
19 Dec 2014