LinkedIn Announces Offering Of 8M Shares

Law360, New York (November 15, 2011, 6:11 PM EST) -- Professional networking site LinkedIn Corp. will offer 8 million shares of common stock, including 6.7 million held by current shareholders and private equity firm Bain Capital LLC's entire interest, the company said Monday.

In a prospectus filed with the U.S. Securities and Exchange Commission, LinkedIn said it would add 1.27 million shares to the selling stockholders' 6.7 million figure, which includes Bain Capital's 4.3 percent stake of 3.7 million Class B shares.

“The principal purposes of this offering are to increase our capitalization and financial flexibility,...
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