can someone please explain to me how LNKD can be doubling it's float at a price 50 cents below today's close? who would buy and already bloated pig with lockout period ending in short order and the float doubling for essentially no discount? so what will happen tomorrow? they'll have a buy algo parked on the bid at 71.00 so that it doesn't fall to 67 before Monday?
SPY at $45 is not far fetched, given that this Europe situation, and the impending US recession/insane unemployment/stagflation. Oh, wait... someone on TV just said Europe has been fixed. Disregard everything I just said!
Well, it appears that only 1.3 million of the 8.75 million shares they are selling will add to the share count, as most the the shares sold are cashing insiders. So if the share could is only going up by 1.3 million, that's only about 15% dilution, and that has probably already been priced in over the past week. Additionally, the lead bank on a secondary equity offering will typically support the price at or above the issue price the few days after issuance.