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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You see, in medieval times, they didnât actually have closets. Clothes were kept in wardrobes and chestsâthe latter being the case the majority of the time. Women in the middle ages, wore a garment called a smock, later renamed chemise by the Normans, which is French for shirt. The term was very fitting, because a chemise is basically a very long shirt, or today would look like a womanâs slip.