Iconix Brand Group, Inc. expects to receive proceeds of approximately $131.4 million from the offering of 9.2 million shares. Proceeds will reach approximately $152.9 million if the underwriters exercise their option to purchase additional shares in full.
The offering was priced at $15 a share. Certain stockholders sold 800,000 shares in the offering.
Proceeds are after deducting estimated underwriting discounts and
commissions and offering expenses. The Company intends to use the net
proceeds of the offering for general corporate purposes, which may
include, among other things, funding acquisitions.
The offering is expected to close on June 9, 2009, subject to customary closing conditions.
