Lifelock Prices IPO Wednesday, October 3, 3:54 PM ET
LifeLock (LOCK), announced the pricing of its initial public offering of 15,700,000 shares of common stock at a price to the public of $9.00 per share. 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.
Goldman, Sachs (NYSE:GS), Bank of America/Merrill Lynch (NYSE:BAC), and Deutsche Bank Securities (NYSE:DB) are the joint book-running managers for the offering. RBC Capital Markets (NYSE:RBC), Canaccord Genuity, and Needham & Company are co-managers for the offering.
Any ideas and opinions presented in all Market News Video clips are for informational and educational purposes
only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners.
In no way should any content contained herein be interpreted to represent trading or investment advice.
None of the information contained herein constitutes a recommendation that any particular security, portfolio,
transaction, or investment strategy is suitable for any specific person. All viewers agree that under no
circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held
liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.