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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Model wearing a modern colorful fashion scarf. A scarf, plural scarves, is a piece of fabric worn around the neck for warmth, sun protection, cleanliness, fashion, or religious reasons. They can be made in a variety of different materials such as wool, cashmere, linen or cotton. It is a common type of neckwear.