LinkedIn Increases Per Share Price For $4 Billion Valuation

Posted May 17, 2011

Professional social network has made another filing with the SEC that increased the price per share to $42-$45, giving them a $4 billion valuation. This is an increase from $3 billion that was reported yesterday. LinkedIn is offering 7.84 million shares for sale and is looking to raise $406 million in the offering. These funds will be used for working capital, sales/marketing, administrative purposes, and capital expenditures. [TechCrunch]