LinkedIn, the largest professional social network, went public with an IPO last week, with 7,840,000 shares of common stock. Of the total number of shares, 4,827,804 are being offered by LinkedIn Corp. and 3,012,196 are offered by selling stockholders. LinkedIn will not receive proceeds from the sales of shares by the stockholders.
Morgan Stanley & Co., Inc., BofA Merrill Lynch, and J.P. Morgan Securities, LLC are the bookrunning managers of the offering. Allen & Company, LLC and UBS Securities, LLC are the co-managers. LinkedIn's common stock will trade under the symbol "LNKD" on the New York Stock Exchange.
For more information, see "LinkedIn's IPO: Boom or Bust?" on the EContent Blog.