Saturday, 4 June 2011

SEC Watch: Tiger Global Bought Massive Amounts Of LinkedIn Stock Pre And Post IPO

LinkedIn and investment firm Tiger Global both filed separate SEC filings yesterday evening indicating that the firm loaded up on LinkedIn stock both before and after the company's IPO in May. According to the filing, a Tiger's head Chase Coleman and Tiger fund, PIP V, acquired 2,436,001 shares of preferred and common stock of LinkedIn on secondary markst, from December 21, 2009 to August 10, 2010, for $31,740,600.70. Some of Tiger's investment during this time was reported, but the filing shows Tiger had a much bigger stake.

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