Monday, January 31, 2011

SkullCandy Files For IPO

Park City-based SkullCandy has filed for an IPO, saying Friday that it is looking to raise up to $125M in an offering on the Nasdaq Global Market as SKUL. The firm develops headphones and other audio products for the consumer electronics market. The firm's IPO is being underwritten by BofA Merrill Lynch and Morgan Stanley. SkullCandy was founded by Rick Alden in 2003. The firm is backed by Goode Skullcandy Holdings and Mercato Partners, among others.