Comment on LinkedIn Wants More Cash, Offers to Sell $1.15B Worth of StockparentComments−swr13yYes. According to the prospectus[1] 4,165,972 shares new shares are being issues raising the outstanding Class A shares to 97,732,877.This is part of the reason there was a bit of a sell off after the announcement.[1] http://www.sec.gov/Archives/edgar/data/1271024/0001047469130...−xxpor13yMathematically, their price should go down exactly (due to this announcement) (1 - Old # of outstanding shares / New # of outstanding shares)%−cperciva13yOnly if you think the money they're getting for selling the stock is worthless...−xxpor13yOy vey, I knew I was doing something wrong, I was just too focused on the math :)
Comments
Yes. According to the prospectus[1] 4,165,972 shares new shares are being issues raising the outstanding Class A shares to 97,732,877.
This is part of the reason there was a bit of a sell off after the announcement.
[1] http://www.sec.gov/Archives/edgar/data/1271024/0001047469130...
Mathematically, their price should go down exactly (due to this announcement) (1 - Old # of outstanding shares / New # of outstanding shares)%
Only if you think the money they're getting for selling the stock is worthless...
Oy vey, I knew I was doing something wrong, I was just too focused on the math :)