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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A drawing of a luxury hourglass corset from 1878, featuring a busk fastening at the front and lacing at the back. A corset is a garment worn to hold and train the torso into a desired shape for aesthetic or medical purposes (either for the duration of wearing it or with a more lasting effect). Both men and women are known to wear corsets, though this item was for many years an integral part of women's wardrobes.