LinkedIn Files Registration Statement for Proposed Offering

Nov 04, 2011


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LinkedIn Corporation announced today that it has filed a registration statement with the U.S. Securities and Exchange Commission (SEC) for a proposed public offering of shares of its Class A common stock. LinkedIn proposes to sell approximately $100 million of its shares, as well as any shares issued to the underwriters to cover over-allotments. The remaining shares will be sold by existing stockholders.

The principal purposes of this offering, according to the press release, are to raise capital for the company, facilitate an orderly distribution of shares and increase the company's public float. The proceeds of the primary portion of the offering will be used to provide additional working capital for LinkedIn, including further expansion of its product development and field sales organizations, for capital expenditures and potential strategic acquisitions or investments.

The bookrunning managers of the proposed offering will be Morgan Stanley & Co. LLC, BofA Merrill Lynch and J.P. Morgan Securities LLC.
Allen & Company LLC and UBS Securities LLC will be acting as co-managers. A registration statement relating to these securities has been filed
with the SEC, but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the
registration statement becomes effective. The registration statement on Form S-1 may be accessed through the SEC's website at edgar.sec.gov.