Color Kinetics Incorporated (Nasdaq: CLRK) today announced the pricing of its initial public offering of 4,000,000 shares of its common stock at $10 per share. All of the shares are being offered by Color Kinetics. Color Kinetics' common stock is expected to begin trading on the Nasdaq National Market on June 22, 2004 under the symbol "CLRK."
The managing underwriters of the offering are CIBC World Markets Corp. and Needham & Company, Inc., acting as joint lead managers, Friedman, Billings, Ramsey & Co., Inc. and ThinkEquity Partners LLC. Color Kinetics has granted the underwriters a 30-day option to purchase up to an additional 600,000 shares of common stock to cover over-allotments, if any.
A registration statement relating to these securities has been filed with the Securities and Exchange Commission and was declared effective on June 22, 2004. Copies of the final prospectus related to the offering may be obtained, when available, from CIBC World Markets Corp., 425 Lexington Avenue, New York, NY 10017, telephone number: (212) 856-4000.