Tuesday, May 10, 2011

increases the size of the IPO LinkedIn, the assessment is 3000 million dollars



LinkedIn IPO plans Thursday, saying he wants more than $ 315,600,000, an increase of 7.84 million shares at $ 32 to $ 35 per share, the amended S-1 application. Entire Site (NYSE: LNKD) exceeds $ 315,600,000, at the beginning of the series, no matter the cost. The company expects net revenues of $ 146,600,000 in the middle of that range. increase as insurers prepare LinkedIn offers $ 183,200,000.

The dollar rose from 315.6 million the previous conclusions of Poland, in January, when he said that the expected increase of $ 175,000,000. limited network of social enterprise, a total of 94.5 million shares after the IPO, companies are finding that more than 3 billion dollars in the bottom of the range of its IPO.

In the quarter ended March 31, Xing 110% of net income to $ 93,900,000 from $ 44,700,000 in the period a year earlier. The company has three main branches of income: rental solutions, marketing, and premium subscriptions. Job Solutions is the largest quota of 46 million dollars in sales in the first quarter grew even faster, up 174% last year. Net income for the fourth quarter was $ 2,100,000 at 14%, from $ 1,800,000 last year.

Last week, China-based social network Renren successful IPO, despite lower prices at the end of the week. United's major shareholders are the founder and chairman Reid Hoffman, from 21.2%, 18.7% from Sequoia Capital, Grey Lock Partners (now Hoffman VC) of 15.6% and Bessemer Venture Partners, 5% in January, all are very small pieces, which have sold their shares. Morgan Stanley, Merrill Lynch and JP Morgan face of lead.

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