Lumber Liquidators Raises $36.4 Million in IPO

Toana, VA, November 16, 2007–Lumber Liquidators said it sold 10 million shares of common stock, at a price of $11 per share, in its recently completed IPO. The shares were listed on the New York Stock Exchange on November 9 under the symbol “LL.”

Of the 10 million shares, 3.8 million were offered by the company and 6.2 million were offered by the  stockholders.

The company said it will use the net proceeds of approximately $36.4 million to repay outstanding debt, support the growth of the business, and for general corporate purposes.

A registration statement related to the offering was declared effective by the Securities and Exchange Commission on November 8.