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 framework of bars, wires, or pegs on which articles are arranged or deposited: a clothes rack; a luggage rack. 2. a fixture containing several tiered shelves, often affixed to a wall: a book rack; a spice rack. 3. a spreading framework set on a wagon for carrying hay, straw, or the like, in large loads. 4. Pool. a wooden frame of triangular shape within which the balls are arranged before play.