LinkedIn Corp. (LNKD: Quote) announced after the close Tuesday that it is commencing an underwritten registered public offering of $1.0 billion of shares of its Class A common stock. The stock is now down 5.63 on 106K shares.
LinkedIn gapped up and climbed in early trade Tuesday, before settling into a range. The stock rose further going into the close and finished up by 6.09 at $246.13. LinkedIn closed challenging the upper end of a 1-month range at the highs of the year.
Click here to receive FREE breaking news email alerts for LinkedIn Corp. and others in your portfolio
by RTT Staff Writer
For comments and feedback: email@example.com