LinkedIn Stock Sale Sees Strong Demand Despite Price Concerns
LinkedIn Corp.’s share price jumped as much as 7.2 percent Thursday, even after the company added more equity to the market, as investors still appear interested in purchasing the social-networking company despite concerns about the stock’s valuation.
About eight million LinkedIn shares came to market Thursday, with 1.3 million coming from the company and 6.7 million from insiders and early holders. The secondary offering, which followed the company’s successful debut in May, roughly doubled the company’s float, or the number of its shares available for trading.
