Internet Bubble 3.0?
LinkedIn Corporation, the world’s largest professional network on the Internet, today announced the pricing of its initial public offering of 7,840,000 shares of common stock at a price to the public of $45.00 per share. A total of 4,827,804 shares are being offered by LinkedIn Corporation, and a total of 3,012,196 shares are being offered by selling stockholders. In addition, LinkedIn Corporation has granted the underwriters a 30-day option to purchase up to an additional 1,176,000 shares to cover over-allotments, if any. LinkedIn will not receive any proceeds from the sale of shares by the selling stockholders.
The bookrunning managers of the offering are Morgan Stanley & Co. Incorporated, BofA Merrill Lynch and J.P. Morgan Securities LLC. Allen & Company LLC and UBS Securities LLC are the co-managers. LinkedIn’s common stock will trade on the New York Stock Exchange (NYSE) under the symbol “LNKD.”
The offering of these securities will be made only by means of a prospectus , copies of which may be obtained from the offices of Morgan Stanley & Co. Incorporated, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, New York 10014, or by email at email@example.com; BofA Merrill Lynch, 4 World Financial Center, New York, NY 10080, Attention: Prospectus Department, or email firstname.lastname@example.org; or J.P. Morgan Securities LLC, Attention: Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, or by telephone at (866) 803-9204.
DougP1: internet stocks give me viruses but for those immune, LinkedIn IPO price highest 4 internet company since Google $LNKD http://yhoo.it/l7F7av
misterlts: RT @BloombergNow: LinkedIn’s Valuation Resembles Salesforce http://bloom.bg/kxysF5 $CRM $LNKD $N $SFSF
David_M_Arnold: RT @bloombergnews: LinkedIn raises $352.8 million in U.S. IPO | http://bloom.bg/lC6dJQ $LNKD
Imig_Echo: 1st US social networking company, LinkedIn $LNKD, to go public tomorrow. IPO priced at $45 a share. #nasdaq #wallstreet http://bit.ly/iRHRwG
SheldonBorges: RT @LaMonicaBuzz: If $LNKD prices at $45, its market cap would be $4.25B. That’s 2.3 times market value of $MWW. But $MWW sales neraly 4X as large last year.