Deals
LinkedIn Boosts IPO Price as Site’s Value May Top $4 Billion
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LinkedIn Corp., the largest professional-networking website, increased the price range for its initial public offering, lifting the company’s potential valuation to as much as $4.25 billion.
The company is offering 7.84 million shares at $42 to $45 each, according to a filing with the U.S. Securities and Exchange Commission today. The shares had been offered for $32 to $35 apiece. At the top end of the new range, Mountain View, California-based LinkedIn would raise $405.7 million if underwriters exercise an overallotment option to buy 1.18 million additional shares.