On August 1, 2011, the Company completed an initial public offering in which 22,250,000 shares of common stock were sold at an initial public offering price of $19.00 per share. Immediately prior to the offering, each share of the Company's Class L common stock converted into 2.4338 shares of common stock.
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Small or home offices are the usual habitat of the modern armoire desk. Corporations and government bureaucracies typically shun the armoire desk, preferring pedestal desks and cubicles in most instances. The closest ancestor, in form, of the armoire desk, is the Moore desk.