LifeLock (LOCK) IPO Opens Lower
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The IPO for LifeLock, Inc. (NYSE: LOCK) is open for trading. Shares opened at $8.38 after pricing 15,700,000 shares of common stock at a price to the public of $9.00 per share, below the expected $9.50-$11.50 range.
The shares are expected to begin trading on the New York Stock Exchange under the ticker symbol "LOCK" on Wednesday, October 3, 2012. A total of 15,500,000 shares are being offered by LifeLock, and a total of 200,000 shares are being offered by certain selling stockholders. In addition, the underwriters have a 30-day option to purchase up to an additional 2,355,000 shares from LifeLock. LifeLock will not receive any proceeds from the sale of shares by the selling stockholders.
The expected price was $9.50 - $11.50 as of a September 27, 2012, amended S-1 filing.
Goldman, Sachs & Co., BofA Merrill Lynch, and Deutsche Bank Securities Inc. are the joint book-running managers for the offering. RBC Capital Markets LLC, Canaccord Genuity Inc., and Needham & Company, LLC are co-managers for the offering.
The shares are expected to begin trading on the New York Stock Exchange under the ticker symbol "LOCK" on Wednesday, October 3, 2012. A total of 15,500,000 shares are being offered by LifeLock, and a total of 200,000 shares are being offered by certain selling stockholders. In addition, the underwriters have a 30-day option to purchase up to an additional 2,355,000 shares from LifeLock. LifeLock will not receive any proceeds from the sale of shares by the selling stockholders.
The expected price was $9.50 - $11.50 as of a September 27, 2012, amended S-1 filing.
Goldman, Sachs & Co., BofA Merrill Lynch, and Deutsche Bank Securities Inc. are the joint book-running managers for the offering. RBC Capital Markets LLC, Canaccord Genuity Inc., and Needham & Company, LLC are co-managers for the offering.
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