Monday, May 9, 2011

LinkedIn IPO price of $ 32 to $ 35 per share, expects $ 146.6M to the distribution network



After announcing its intention to exercise its debut on the NYSE under the symbol LNKD list of Poland published the new report shows that the SEC IPO price of $ 32.00 and $ 00 per share in 1935. LinkedIn has launched its first S-1 in January, for a total of USD 175 million to offer.

LinkedIn offers shares in its IPO 7840000 4827804 shares of Class A common shares and shareholders sold 3012196 shares of Class A common share offering. There are 94498627 shares are currently missing.

The company expects that revenues from the sale of shares on offer, approximately $ 146,600,000 ($ 274,000,000 increase in turnover, but some of that money goes to taxes, etc..) Xing says that the use of these funds, offering for purposes general business, including working capital, marketing and selling, general and administrative and investment.

The funds may be used for acquisitions and investments in complementary technologies. LinkedIn currently has no commitments or agreements with acquisitions and investments in energy. LinkedIn adds that, given the current financial situation, there is no need to use the funds next year.

As I wrote in January, the president and co-founder Reid Hoffman, LinkedIn is the largest shareholder, holds 21.4 percent of the company. Sequoia Capital and Bessemer Venture Partners, investors, second and third place.

LinkedIn IPO on the NYSE soon to debut, and it will be interesting to see how he reacts the way for the offer. One of the factors that must be noted that the growth of LinkedIn has announced that sales increased by 110 percent in the first quarter of 2011 in 93.9 million U.S. dollars. Net income increased to $ 2080000 1810000 dollars in the first quarter of 2010. The increase in sales came from paid by the owners to find solutions for the recruitment of skilled workers and contribute to the list at work.

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