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Iconix Brand Group Prices 9.2 Million Shares

June 4, 2009 (FinancialWire) — Iconix Brand Group, Inc. (NASDAQ: ICON) has priced an offering by the company of 9.2 million shares and by certain selling stockholders of 800,000 shares of the company’s common stock, at $15 per share. Barclays Capital (NYSE: BCS) and Lazard Capital Markets (NYSE: LAZ) are acting as joint book-running managers.

The company has granted the underwriters a 30-day option to purchase up to an additional 1.5 million shares of its common stock.

Iconix said it expects to receive net proceeds from the offering of around $131.4 million, or around $152.9 million if the underwriters exercise their option to purchase additional shares in full. The company plans to use the net proceeds of the offering for general corporate purposes, which may include, among other things, funding acquisitions.

New York-based Iconix Brand Group licenses and markets a portfolio of consumer brands including Candies, Joe Boxer, Ocean Pacific, Danskin, Cannon and others.

The company also owns an interest in the Artful Dodger and Ed Hardy brands. Iconix licenses its brands to a network of retailers and manufacturers and, through its in-house advertising, promotion and public relations agency, markets its brands to consumers.

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