Golf Galaxy, Inc. on Thursday announced the initial public offering of 3,950,000 shares of its common stock at $14.00 per share. The golf specailty retailer had planned the IPO in the $11 to $13 range. Golf Galaxy has granted the underwriters an option to purchase up to an additional 592,500 shares at the initial public offering price to cover over-allotments, if any.
The shares will commence trading today on the Nasdaq National Market under the symbol “GGXY.”
Piper Jaffray acted as the sole book-running manager and William Blair & Company acted as joint lead manager for the offering. A.G. Edwards and Wedbush Morgan Securities acted as co-managers for the offering.
