Feb 17, 2005 2:33 PM, By Mix Editors

Dolby Laboratories today announced that it has priced its initial public offering of 27,500,000 shares of its Class A common stock at $18 per share. Of the total shares sold, 10,500,000 shares have been sold by Dolby Laboratories and 17,000,000 shares have been sold by Ray Dolby, founder and principal stockholder of Dolby Laboratories. Dolby Laboratories granted an option to purchase up to an additional 4,125,000 shares at the initial public offering price within 30 days to cover over-allotments, if any.

Dolby’s common stock will trade on the New York Stock Exchange under the symbol “DLB” on February 17.

Morgan Stanley acted as the book-running co-lead manager, with Goldman, Sachs & Co. as the other co-lead manager, J.P. Morgan Securities as senior co-manager and Adams Harkness and William Blair & Company as co-managers.

A final prospectus of the offering may be obtained from Morgan Stanley by emailing prospectus@morganstanley.com or by contacting the prospectus department at Morgan Stanley & Co. Inc., (NY, NY).

For more information, please go to. www.dolby.com.

Mix Books

Modern Recording and Mixing

This 2-DVD set will show you how the best in the music industry set up a studio to make world-class records. Regardless of what gear you are using, the information you'll find here will allow you to take advantage of decades of expert knowledge. Order now $39.95

Mastering Cubase 4

Electronic Musician magazine and Thomson Course Technology PTR have joined forces again to create the second volume in their Personal Studio Series, Mastering Steinberg's Cubase(tm). Edited and produced by the staff of Electronic Musician, this special issue is not only a must-read for users of Cubase(tm) software, but it also delivers essential information for anyone recording/producing music in a personal-studio. Order now $12.95

Newsletters

MixLine

Delivered straight to your inbox every other week, MixLine takes you straight into the studio, with new product announcements, industry news, upcoming events, recent recording/post projects and much more. Click here to read the latest edition; sign up here.

MixLine Live

Delivered straight to your inbox every other week, MixLine Live takes you on the road with today's hottest tours, new sound reinforcement professional products, recent installs, industry news and much more. Click here to read the latest edition; sign up here.