LinkedIn to raise additional size to 8.75 million shares

Sina Science and technology news Beijing time November 17 morning, the United States professional social networking site LinkedIn announced in Wednesday, the increase to 8.75 million shares, the price of 71 U.S. dollars per share, hoping to expand operating capital, to expand product development and expand sales Team. LinkedIn initially announced on November 14 that it would issue 8 million additional shares.　　LinkedIn will sell about 1.3 million shares in the IPO, raise $92.3 million trillion, and sell the remainder to existing shareholders.　　Shareholders involved in the issue include LinkedIn CEO Jeffrey Vina (Jeffrey Weiner) and the private equity firm Bain Capital, which will sell all of its LinkedIn shares.　　LinkedIn's additional main underwriter is Morgan Stanley, BofA Merrill Lynch and JPMorgan Chase, Allen & Company and UBS Securities as joint underwriters.　　According to LinkedIn's earnings this month, the company has achieved revenue of $139.5 million trillion in the last quarter, surpassing Wall Street's $127.6 million trillion forecast. LinkedIn, which was listed in May this year, closed at $71.56 in the regular trading of the NYSE in Wednesday, a decline of 4.41%. (PEI)