Volcom, Inc. has announced the close of its initial public offering of 4,687,500 shares of common stock at a price of $19.00 per share and the simultaneous close of the underwriters' over-allotment option to purchase an additional 703,125 shares of common stock at the initial public offering price. Volcom sold 4,187,500 shares in the offering and 453,125 shares pursuant to the underwriters' over-allotment option. Certain selling stockholders of Volcom sold the remaining 500,000 shares in the offering and 250,000 shares pursuant to the underwriters' over-allotment option. The shares are quoted on the NASDAQ Stock Market's National Market under the symbol “VLCM.”
The underwriters of the offering were Wachovia Capital Markets, LLC, D.A. Davidson & Co. and Piper Jaffray & Co.
