Home Wealth  Money LinkedIn Sells More Shares, Angie's List Prices IPO

LinkedIn Sells More Shares, Angie's List Prices IPO

Posted: Nov. 18th, 2011  |  By Forbes

powered by Forbes

RSS Syndicated News Email a Friend Suggest an Article Share Visit Website

Social media site LinkedIn said late yesterday it has priced a follow-on offering at $71 per share.

The company, which made its public debut in May, will offer 8.75 million common shares plus an additional 1.3 million to cover over-allotments.

The company itself is selling just 1.3 million shares in the offering, and the remaining shares will be sold by existing stockholders.

LinkedIn said the purpose of the offering are to raise capital for the company, facilitate an orderly distribution of shares and increase the company's public float.

All selling stockholders, as well as all officers and directors, have agreed to lock-up agreements for a period of 90 days following the offering.

Angie's List will begin trading today on the Nasdaq after pricing its initial public offering late yesterday, at $13 per share.

The pricing was at the high end of the consumer review website's range.

Daily deal site Groupon () launched its IPO earlier in the month, and traded up more than 30% in its first day on the market.

Market News Video produces and distributes online videos about stocks and investing.




Share on Facebook Share
See Next Article
Need to Get Away?
Top 10 Business Hotels
Who says you can’t mix business with pleasure?
Read More
More Articles from Forbes.com

advertisement
Quick Links
Autos
Boating
Real Estate
Luxury Travel
Fashion
Search Real Estate
Find Your Dream Home
Search for homes by
State, Country or Style.
Event Calendar
advertisement
Current News & Features
Rolls-Royce Designs Luggage Worthy of the Wraith
Accurate 3D Lunar Globe Brings Home the Dark Side of the Moon
Tate Modern's Expansion to Open June 17
Volvo Redefines the Luxury Sedan with S90 Lounge Console Concept
Falling in Love with Lillet
Louis XIII Teams Up With Hermès for One-of-a-Kind Collaboration
These are the Companies That Painstakingly Handmake Entire Yachts
San Francisco Gets A Major Art Upgrade
Hollywood’s Latest Real Estate Happenings
Aston Martin's First Boat Channels James Bond
See the complete list
 
Featured Photo Gallery
See the complete list
THINGS WE LIKE