Business & Tech

Skullcandy Goes Public July 25

The popular headphone manufacturer with offices in San Clemente aims to raise $185.5 million.

, the popular headphones manufacturer that has offices in San Clemente, is taking the company public July 25.

According to documents filed with the Securities and Exchange Commission in preparation for the initial public stock offering, Skullcandy plans to increase shelf space for its products, enter into partnership with more retailers and add more high-end earphones to its portfolio.

“We believe the increasing use of portable media devices and smartphones, and the growing popularity of action sports, support our anticipated long-term sales growth,” the SEC filing states. “The advent of portable media devices, such as Apple’s iPod, transformed the consumer electronics industry by dramatically increasing the portability and personalization of music, fueling an increased pervasiveness of these devices and their associated accessories, such as headphones.”

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The company is proposing to sell 9.76 million shares at $19 per. It hopes  to raise $185.5 million by taking the company public.

Seo Salimi, the associate general counsel for Skullcandy, said he couldn’t comment for this article because the company was in a quiet period as mandated by securities laws.

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The stock will first be offered up for sale July 25.

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