Bare Escentuals, Inc. Prices Initial Public Offering of Common Stock.SAN FRANCISCO -- Bare Escentuals, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :BARE) announced today the pricing of its initial public offering of 16,000,000 shares of its common stock at a price to the public of $22.00 per share. All of the shares to be sold in the offering are to be sold by the Company, and the net proceeds Net Proceeds The amount received after all costs are deducted from the sale of a piece of property or security. Notes: In the case of an investor selling a security, net proceeds represent the proceeds from the sale minus any trading costs (i.e. commissions). of this offering are intended to repay a portion of the Company's outstanding indebtedness and to pay a fee in connection with the termination of the Company's management agreements with Berkshire Partners LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control and JH Partners LLC. Bare Escentuals has granted the underwriters an option to purchase an additional 2,400,000 shares of common stock at the initial public offering price to cover over-allotments, if any. The shares will trade on the Nasdaq Global Select Market under the symbol "BARE." The offering is being made through an underwriting syndicate Underwriting syndicate A group of investment banks that work together to sell new security offerings to investors. The underwriting syndicate is led by the lead underwriter. See also: Lead underwriter. underwriting syndicate See syndicate. led by Goldman, Sachs & Co. as sole book runner for the offering and CIBC World Markets CIBC World Markets is the investment banking division of the Canadian Imperial Bank of Commerce. It helps governments, large companies, and other large institutions obtain capital and credit and is a primary dealer in U.S. Treasury securities. as co-lead manager. Banc of America Securities LLC, Piper Jaffray, Thomas Weisel Partners Thomas Weisel Partners Group, Inc. (NASDAQ: TWPG), often shortened to just TWP or TWeisel, is a U.S. middle-market and growth focused investment banking firm based in San Francisco, California. LLC, SunTrust Robinson Humphrey and Sanders Morris Harris are acting as co-managers. Copies of the final prospectus relating to the offering may be obtained from Goldman, Sachs & Co., Prospectus Department, 85 Broad Street, New York, New York 10004 which can be reached by fax at 212-902-9316 or by email at prospectus-ny@ny.email.gs.com. A registration statement relating to these securities was declared effective by the Securities and Exchange Commission on September 28, 2006. This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor will there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. (BARE-F) |
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