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 firstname.lastname@example.org or by contacting the prospectus department at Morgan Stanley & Co. Inc., (NY, NY).
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