Interviews
News Flash
Under Armour prices public offering of 7.3mn shares
26 May '06
2 min read
Athletic apparel maker Under Armour Inc announced the pricing of the public offering of 7,263,165 shares of its Class A common stock at a price of $34.00 per share.
All of the shares in the offering are being sold by stockholders of the company, including affiliates of Rosewood Capital and certain members of the company's management.
The underwriters have an option to purchase up to an additional 1,089,474 shares of Class A common stock from certain selling stockholders, at the public offering price less the underwriting discounts and commissions, to cover over-allotments.
Goldman, Sachs & Co is acting as the lead underwriter and sole bookrunner for the offering. Additionally, CIBC World Markets and Wachovia Securities are joint lead managers, and Banc of America Securities LLC, Piper Jaffray and Thomas Weisel Partners LLC are serving as co-managers.
Under Armour is a leading developer, marketer and distributor of branded performance products for men, women and youth. The brand's moisture-wicking synthetic fabrications are engineered in many different designs and styles for wear in nearly every climate to provide a performance alternative to traditional natural fiber products.
The company's products are worn by professional football, baseball, and soccer players, as well as athletes in major collegiate and Olympic sports. Its products are currently sold in the United States, Canada, Japan and the United Kingdom. Its European headquarters is located in Amsterdam's Olympic Stadium, and its global headquarters is located in Baltimore, MD.
All of the shares in the offering are being sold by stockholders of the company, including affiliates of Rosewood Capital and certain members of the company's management.
The underwriters have an option to purchase up to an additional 1,089,474 shares of Class A common stock from certain selling stockholders, at the public offering price less the underwriting discounts and commissions, to cover over-allotments.
Goldman, Sachs & Co is acting as the lead underwriter and sole bookrunner for the offering. Additionally, CIBC World Markets and Wachovia Securities are joint lead managers, and Banc of America Securities LLC, Piper Jaffray and Thomas Weisel Partners LLC are serving as co-managers.
Under Armour is a leading developer, marketer and distributor of branded performance products for men, women and youth. The brand's moisture-wicking synthetic fabrications are engineered in many different designs and styles for wear in nearly every climate to provide a performance alternative to traditional natural fiber products.
The company's products are worn by professional football, baseball, and soccer players, as well as athletes in major collegiate and Olympic sports. Its products are currently sold in the United States, Canada, Japan and the United Kingdom. Its European headquarters is located in Amsterdam's Olympic Stadium, and its global headquarters is located in Baltimore, MD.
Under Armour Inc
Popular News
Leave your Comments
Esteemed Clients
-Ltd..jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Thermore (Far East) Ltd.")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Taiwan Textile Federation (TTF)")
