LinkedIn Corp (NYSE:LNKD) is returning to the equities market for additional funding according to a statement from the company this afternoon after the markets closed on Wall Street. The firm’s shares lost more than 3% of their value immediately after the announcement in after hours trading, but investors were pulling back at time of writing. According to today’s announcement LinkedIn Corp (NYSE:LNKD) will seek $1 billion in additional financing from a stock offering in order to continue the expansion of its business and bolster working capital. At today’s closing price, the $1 billion offering would mean offering around 4,062,894 new…
This content is exclusively for paying members of Hedge Fund Alpha
Insider Strategies and Letters to Shareholders from the Top Hedge Funds and Maximize Your Portfolio Growth with Hedge Fund Alpha
Don’t have an account?
Subscribe now and get 7 days free!
