Color Kinetics announces IPO pricing

USA - Following the announcement of its forthcoming initial public offering in April, Color Kinetics Inc (CKI), the US manufacturer of LED lighting systems, has confirmed the pricing of its IPO of 4,000,000 shares of its common stock at $10 per share. All of the shares are being offered by CKI. The common stock was expected to begin trading on the Nasdaq National Market from 22 June 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. CKI 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.

(Lee Baldock)

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