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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Integrated bearer (internal) frame. A backpack â also called bookbag, kitbag, knapsack, rucksack, pack, or sackpack backsack â is, in its simplest form, a cloth sack carried on one's back and secured with two straps that go over the shoulders, but there can be variations to this basic design. Lightweight types of backpacks are sometimes worn on only one shoulder strap.