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> The company expects [to get] approximately $146.6 million (in total the company will be raising $274 million but some of this money goes to fees etc.). Is th
by JoachimSchipper 16y ago
> The company expects [to get] approximately $146.6 million (in total the company will be raising $274 million but some of this money goes to fees etc.).
Is this normal? They paid almost a third of the money they have raised.
- justincormack 16y agoI was a bit perplexed by this, but reckoned it was just bad journalism, and its not all fees, but that some of the existing shareholders are selling some of their shares in the IPO, so Linkedin does not receive that money. A guess, but seems most likely.
- pbreit 16y agoSome shareholders are selling in the IPO. It's covered in the post. It's more common for selling stockholders to sell in a follow-on but not unprecedented. It will be great to get some liquidity into the hands of fantastic investors like Reid Hoffman.