IPOhome - IPO News Update:
"Dolby Laboratories, a producer of digital audio and surround sound technology, released pricing terms for its upcoming IPO on Monday. A total of 27.5 million shares will be offered, which includes 17 million offered by selling shareholders, at a proposed price range of $13.50 to $15.50. If the deal prices at the midpoint of the proposed range, Dolby would have an initial market cap of $1.41 billion. Morgan Stanley, Goldman Sachs and JP Morgan are the lead underwriters on the deal. The company has applied to be listed on the NYSE under the ticker DLB."
Dolby, founded in 1965, had revenues of $289M (net income: $55M) for CY 04. Read their S-1
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