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November 14, 2011
Share ThisLinkedIn Corp. said shareholder Bain Capital Ventures will sell all of its 3.71 million shares of the professional-networking website in a secondary stock offering. LinkedIn plans to offer as many as 9.2 million shares for as much as $703 million, up from the $500 million sale previously announced, the company said today in a filing with the U.S. Securities and Exchange Commission. Current holders including Bain expect to sell 6.73 million of those shares.
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