Wilson Sonsini Goodrich & Rosati and Cooley have taken the lead roles on LinkedIn's $1.15bn (£738m) secondary public offering of common stock. The social networking site, which has more than 238 million users worldwide, has listed $1bn (£642m) of registered Class A common stock, with the underwriters to the deal given the option to purchase an additional $150m (£96m). LinkedIn said the offering would help it strengthen its balance sheet, and plans to use the proceeds for general corporate purposes, including strategic acquisitions of other businesses.
September 12, 2013 at 07:03 PM
1 minute read
The original version of this story was published on Legalweek
Wilson Sonsini Goodrich & Rosati and Cooley have taken the lead roles on LinkedIn’s $1.15bn (£738m) secondary public offering of common stock.
The social networking site, which has more than 238 million users worldwide, has listed $1bn (£642m) of registered Class A common stock, with the underwriters to the deal given the option to purchase an additional $150m (£96m).
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