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LinkedIn Corp. (LNKD) Is Pulling Back After Offering Announcement

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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.

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by RTT Staff Writer

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