Volcom, Inc. announced the filing of a registration statement with the SEC for a proposed offering of 5 million shares of common stock. Selling stockholders will offer all of the shares in the proposed offering and, accordingly, the company itself will receive no benefit from the transaction. In addition, certain selling stockholders identified in the prospectus have granted the underwriters an option to purchase up to an additional 750,000 shares to cover over-allotments of shares, if any.
Wachovia Securities will serve as the managing underwriter and sole book running manager of the offering. D.A. Davidson & Co. and Piper Jaffray will serve as co-managers of the offering. When available, copies of the preliminary prospectus related to this offering may be obtained from Wachovia Securities, Attn: Equity Capital Markets, 7 St. Paul Street, Baltimore, MD 21202.
