LinkedIn Will Price New Offering at $223 Per Share

LinkedIn, which wants to sell as much as $1.15 billion worth of stock to raise expansion funds, will price the new offering at $223 per share. The company, which had one of the most successful tech IPOs in recent years, has not gotten a positive response to news of the offering, which it filed for yesterday. Shares were down $7.20 to $238.93 today, and dropped further after-hours.