- Insider selling: Bain Capital selling their entire LinkedIn holding, i.e. 3.7 million shares, or about 4.3% of its outstanding stock (more than $275 mln worth), according to a regulatory filing. It bought into the company in 2008 as the largest investor in a $53 million funding round.
- Insider selling: both CEO and CFO selling 10% of their holdings
- The sales follow a 180 day "lock-up" agreement following the company's May 19 IPO. That agreement prevented certain investors from unloading their stakes until the end of the period, which expires on Nov. 20.
- A secondary offering is coming up soon: 1.3 million new shares, worth about $100 million. The company announced that second offering earlier this month.
- Company reported a loss of $1.6 million for the third quarter
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