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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armoire (n.) large wardrobe with doors and shelves, 1570s, from French armoire, from Old French armarie cupboard, bookcase, reliquary (12c., Modern French armoire), from Latin armarium closet, chest, place for implements or tools, from arma gear, tools, ship's tackle, weapons of war (see arm (n.2)).