Iconix Brand Group, Inc. has closed a public offering of 13,874,750 shares of its common stock at $18.75 per share, of which 3,090,000 shares were sold by the selling stockholders named in the prospectus, including Mudd (USA) LLC, Mossimo Giannulli, members of the company's senior management team and certain members of the company's board of directors. The net proceeds to Iconix, after payment of underwriting discounts and other estimated expenses of the offering, were approximately $189.7 million.

Iconix intends to use the net proceeds for debt repayment and general corporate purposes. Iconix did not receive any proceeds from the shares sold by the selling stockholders. The total number of shares sold included 1,809,750 shares of common stock (1,409,750 shares from the Company and 400,000 shares from certain of the selling stockholders) sold in connection with the full exercise of the over-allotment option granted to the underwriters.

Merrill Lynch & Co. and Lehman Brothers acted as joint bookrunning managers for the offering, with Lazard Capital Markets, Piper Jaffray and Wachovia Securities acting as co-managers for the offering.

Iconix Brand Group Inc. owns, licenses and markets a portfolio of consumer brands including CANDIE'S, BONGO, BADGLEY MISCHKA, JOE BOXER, RAMPAGE, MUDD, LONDON FOG, MOSSIMO and OCEAN PACIFIC.