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

HFA Padded
HFA Staff
Published on
Updated on

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 offering would mean offering around 4,062,894 new…

This content is exclusively for paying members of Hedge Fund Alpha

Insider Strategies and Letters to Shareholders from the Top Hedge Funds and Maximize Your Portfolio Growth with Hedge Fund Alpha

Don’t have an account?

Subscribe now and get 7 days free!
This article is only available for Premium Members
Subscribe today and get :
Insider Strategies and Letters to Shareholders from the Top Hedge Funds
Exclusive Access to coverage of Private, Closed-Door Investor Conferences
Hedge Fund Manager Research Currently Producing 21% – 40% Returns Annually

Don’t have an account?

Subscribe now and get 7 days free!
HFA Padded

The post above is drafted by the collaboration of the Hedge Fund Alpha Team.