Heelys, Inc. filed a registration statement with the Securities and Exchange Commission for the proposed offering of 8,000,000 shares of common stock held by Heelys, Inc. stockholders. Heelys, Inc. will not receive any of the proceeds from the sale of these shares.
In addition, the selling stockholders have granted the underwriters a 30-day option to purchase up to an additional 1,200,000 shares to cover over-allotments, if any. Bear, Stearns & Co. Inc., Wachovia Securities and JPMorgan are serving as joint bookrunners with Piper Jaffray, Banc of America Securities LLC, CIBC World Markets and Robert W. Baird & Co. serving as co-managers for the offering.
