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LinkedIn Boosts Offering Size To $316M
LinkedIn has increased the size of a planned initial public offering.
LinkedInhas increased the size of a planned initial public offering (IPO),Bloombergreports. The U.S. social networking site plans to sell as much as $315.6 million of shares to expand the business.
The California-based company was initially planning to raise as much as $175 million through the IPO. LinkedIn’s planned offering is expected to value the professional social-networking website at more than $3 billion.
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