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Bain Capital Ventures Plans to Exit LinkedIn

Bain Capital Ventures is planning to sell all of the 3.71 million shares it holds in professional networking company LinkedIn Corp., according to a filing with the Securities & Exchange Commission. In total, the company’s early backers and its employees plan to sell a combined 6.7 million shares. LinkedIn aims to raise as much as $703 million via the secondary offering. Bloomberg previously reported the news of Bain’s exit.