Crocs, Inc. priced their underwritten secondary public offering of 8.29 million shares of its common stock by certain stockholders at a price of $27.66. The underwriters have a 30-day option to purchase up to an additional 1.24 million shares of common stock from certain stockholders to cover over-allotments, if any.
All of the shares will be sold by stockholders of Crocs, and, as a result, Crocs will not receive any of the proceeds from the offering.
Piper Jaffray and Thomas Weisel Partners LLC are serving as joint book runners with Cowen and Company, BB&T Capital Markets, D.A. Davidson & Co. and Wedbush Morgan Securities serving as co-managers for the offering.
