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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Unquestionably, more French colonial West Indian armoires have survived the vagaries of time in the islands than any other expression of form. A French invention, the armoire was used as early as the Gothic period during the thirteenth century as a domestic storage cupboard.