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Dolby Laboratories Prices Initial Public Offering of Class A Common Stock - ProSoundNetwork.com

Dolby Laboratories Prices Initial Public Offering of Class A Common Stock

San Francisco, CA (February 17, 2005)--Executives and guests of Dolby Laboratories, Inc. will visit the New York Stock Exchange today to celebrate the company's initial public offering on the NYSE. The company will begin trading today under the ticker symbol "DLB."
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San Francisco, CA (February 17, 2005)--Executives and guests of Dolby Laboratories, Inc. will visit the New York Stock Exchange today to celebrate the company's initial public offering on the NYSE. The company will begin trading today under the ticker symbol "DLB."

To mark this special occasion, for the first time ever, both The Opening Bell and The Closing Bell will ring in surround sound in the main trading room. Chairman Ray Dolby will ring The Opening Bell and president and CEO Bill Jasper will ring The Closing Bell. The Opening Bell will ring in a dramatic random pattern around the main trading floor. The Closing Bell will be a special and unconventional remix created by Dolby engineers, which will incorporate the traditional bell sound with added percussion and effects, and will appear to jump around the room and envelop the listeners.

Additionally, and also for the first time ever, the television feed of The Opening and The Closing Bells will be delivered to news stations and then to viewers with Dolby Pro Logic II audio. Viewers will be able to experience The Opening and The Closing bells as they are heard on the trading floor with their Dolby Pro Logic II-equipped home theater systems.

Dolby Laboratories has announced that it has priced its initial public offering of 27,500,000 shares of its Class A common stock at $18.00 per share. Of the total shares sold, 10,500,000 shares have been sold by Dolby Laboratories and 17,000,000 shares have been sold by Ray Dolby, founder and principal stockholder of Dolby Laboratories. Dolby Laboratories granted an option to purchase up to an additional 4,125,000 shares at the initial public offering price within 30 days to cover over-allotments, if any.

Dolby Laboratories
www.dolby.com

New York Stock Exchange
www.nyse.com