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September 4, 2013 02:48 am GMT
LinkedIn has filed to raise more than $1 billion by selling stock in its company to both the public, and banks that will underwrite the issuance. $1 billion will be sold to common investors, and the banks participating in the deal have the option to buy up to 15 percent of the offered shares in addition, bringing the total capital infusion to a potential $1.15 billion.In the listing, LinkedIn estimates that following the offering, its cash, equivalents, and short-term investments -- colloquially just called cash by investors -- will rise from $873.4 million to $1.85 billion. The second figure does not include the potential for the additional $150 million sale of stock to investment banks. In that case, LinkedIn would have essentially a flat $2 billion in cash.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/O_8XDUNWzuc/
LinkedIn To Raise Up To $1.15B To Fuel Acquisitions, Infrastructure Investments
LinkedIn has filed to raise more than $1 billion by selling stock in its company to both the public, and banks that will underwrite the issuance. $1 billion will be sold to common investors, and the banks participating in the deal have the option to buy up to 15 percent of the offered shares in addition, bringing the total capital infusion to a potential $1.15 billion.In the listing, LinkedIn estimates that following the offering, its cash, equivalents, and short-term investments -- colloquially just called cash by investors -- will rise from $873.4 million to $1.85 billion. The second figure does not include the potential for the additional $150 million sale of stock to investment banks. In that case, LinkedIn would have essentially a flat $2 billion in cash.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/O_8XDUNWzuc/
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