LinkedIn IPO: 7.84M Shares at $32-$35 Each

The details are in for the upcoming initial public offering from LinkedIn: The professional networking site will offer a total of 7.84 million shares, priced at $32-$35 each, as reported by TechCrunch.

The total offering is valued at $175 million, and the company currently has 94,498,627 shares outstanding, according to TechCrunch, which added that LinkedIn expects to raise some $146.6 million after fees and other expenses, which it will use for general corporate purposes or acquisitions in complementary technologies.

Chairman and co-founder Reid Hoffman is the largest shareholder in LinkedIn, controlling 21.4 percent of the company, TechCrunch reported.

Related Stories
Mediabistro Course

Marketing with Facebook Insights

Marketing with Facebook InsightsStarting October 2, learn how to use Facebook's analytics tool to track and optimize your marketing efforts!  Taught by the group marketing manager of social media at Microsoft/BingAds, Geoffrey Colon will show you how insights works, how to measure key performance indicators, and make your data actionable. Register now!