LinkedIn Corp (LNKD) Plans To Offer $1B In Stock

LinkedIn Corp (NYSE:LNKD) is returning to the equities market for additional funding according to a statement from the company this afternoon after the markets closed on Wall Street. The firm's shares lost more than 3% of their value immediately after the announcement in after hours trading, but investors were pulling back at time of writing.

According to today's announcement LinkedIn Corp (NYSE:LNKD) will seek $1 billion in additional financing from a stock offering in order to continue the expansion of its business and bolster working capital. At today's closing price, the $1 billion...