Wednesday, July 6, 2011

Skullcandy Sets IPO Range, Shares

In a sign that IPO plans at Salt Lake City-based Skullcandy are progressing, the maker of audio headphones and accessories indicated that it plans to sell 8,333,334 shares of its common stock in an IPO at between $17.00 and $19.00 per share. The new information was released in an updated IPO filing by the firm on Wednesday. Skullcandy also said it plans to list on the Nasdaq Global Market as SKUL. Skullcandy filed for an IPO in January. Skullcandy has not given an expected IPO date yet, however, companies usually set pricing range several days to weeks ahead of an actual public offering.