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Article: Vitamin Shoppe, Inc. Prices Initial Public Offering.
- Article from:
- Investment Weekly News
- Article date:
- November 14, 2009
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Vitamin Shoppe, Inc. (NYSE: VSI) announced that the public offering of 9,096,077 shares of its common stock has priced at $17.00 per share. The shares will begin trading on the New York Stock Exchange today, October 28, 2009, under the ticker symbol "VSI." Vitamin Shoppe is offering 7,666,667 shares of common stock and selling stockholders are offering the remaining 1,429,410 shares in the offering. The underwriters have a 30-day option to purchase up to an additional 1,364,411 shares from the selling stockholders.
Vitamin Shoppe intends to use the net proceeds of approximately $121.2 million from the offering for the pro rata redemption of approximately $72.5 ...