Thursday, February 3, 2011

Skullcandy wants to go public

Skullcandy, the maker of designer headphones that is headquartered at Kimball Junction, filed an S-1 form with the federal Securities and Exchange Commission (SEC) last week to go public and sell stock on the NASDAQ stock exchange. Chief Financial Officer Mitch Edwards said Monday that the process will take two or three months, so the stock, likely to be labeled "SKUL," won't go on sale until May at the earliest. At that time, the underwriters Bank of America, Merrill Lynch and Morgan Stanley will set the price of the stock based on market conditions.

Park Record