October 21, 2010
Updated Oct 21, 2010 at 7:54 AM EDT
Fort Wayne, IN (Indiana's NewsCenter) - Officials with Vera Bradley, Inc. (Nasdaq:VRA) announce Thursday that they have priced the initial public offering of 11,000,000 shares of common stock at $16.00 per share. Vera Bradley has agreed to sell 4,000,000 shares and selling shareholders have agreed to sell 7,000,000 shares. The shares will be listed on the Nasdaq Global Select Market under the symbol "VRA" and will begin trading immediately. In addition, the underwriters have a 30-day option to purchase up to 1,650,000 additional shares from the selling shareholders at the initial public offering price to cover over-allotments, if any. Vera Bradley, Inc. will not receive any proceeds from the sale of shares by the selling shareholders.
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