Some of the corporate venturing backers behind US-based business networking company LinkedIn will sell their holdings in their portfolio company at its flotation on May 18.
LinkedIn will offer 7.84 million class A shares in its initial public offering, pricing the shares between $32 and $35 each to raise up to $315.6m with a $3.3bn market capitalisation, or 13 times revenues.
The company is placing 4.8 million shares through investment banks Morgan Stanley, BofA Merrill Lynch and JP Morgan, with shareholdings selling 3…
