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May 17, 2011 03:19 pm GMT
Wow. According to this filing, professional social network LinkedIn has just upped the pricing of its IPO from between $32 and $35 per share to $42 to $45 per share. This latest pricing, which marks a 30 percent increase, values the company at over $4 billion (from a $3 billion plus valuation at the previous price).LinkedIn is still offering a total of 7,840,000 shares and is looking to raise as much as $406 million in the offering. LinkedIn says it will use these funds from the offering for general corporate purposes, including working capital, sales and marketing activities, general and administrative matters and capital expenditures. The funds could also be used for acquisitions or investments in complimentary technologies.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/7m0AP71LmgY/
LinkedIn Ups Price Of IPO To $42 To $45 Per Share, Valuation Now Over $4 Billion
Wow. According to this filing, professional social network LinkedIn has just upped the pricing of its IPO from between $32 and $35 per share to $42 to $45 per share. This latest pricing, which marks a 30 percent increase, values the company at over $4 billion (from a $3 billion plus valuation at the previous price).LinkedIn is still offering a total of 7,840,000 shares and is looking to raise as much as $406 million in the offering. LinkedIn says it will use these funds from the offering for general corporate purposes, including working capital, sales and marketing activities, general and administrative matters and capital expenditures. The funds could also be used for acquisitions or investments in complimentary technologies.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/7m0AP71LmgY/
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