Guardian – Reid Hoffman, the co-founder and chairman of LinkedIn, will join the company’s other shareholders, Bain Capital, Goldman Sachs and McGraw-Hill, in selling 3m shares in the public offering. LinkedIn will offer a further 4.8m shares.
Major (hedge fund) investors Sequoia Capital, Greylock Partners and Bessemer Venture Partners, which together own about two-fifths of the company, will not be participating in the IPO.
