On August 1, 2011, the Company completed an initial public offering in which 22,250,000 shares of common stock were sold at an initial public offering price of $19.00 per share. Immediately prior to the offering, each share of the Company's Class L common stock converted into 2.4338 shares of common stock.
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Linen closet: A tall, narrow closet with shelves in a bathroom used for storing towels,sheets,washcloths, and toiletries. Utility closet: A utility closet is a closet most commonly used to house appliances and cleaning supplies. Most of the time, you may find a hot water heater and possibly the furnace. The closet may have shelves for storing appliances on top where they are out of the way.