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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Keep the vertical hanging requirements of the clothing youâll store in the armoire in mind when choosing the height for the hooks. Hooks can also be used in addition to a clothing rod.