Ulta (ULTA) Files 9.76M Common Offering for Selling Shareholders

Ulta Salon, Cosmetics & Fragrance, Inc. (Nasdaq: ULTA) today announced an underwritten public offering of 9,758,721 shares of its common stock by certain entities and individuals associated with Global Retail Partners, as well as by Lyn Kirby, Ulta’s current Chief Executive Officer. The underwriters have a 30-day option to purchase up to an additional 1,463,808 shares from the selling stockholders to cover over-allotments. Ulta will not receive any proceeds from the offering. The total number of shares of common stock outstanding will not change as a result of this offering.

William Blair & Company, L.L.C. and Wells Fargo Securities, LLC are serving as joint-book running managers, and Piper Jaffray & Co., Thomas Weisel Partners LLC and Raymond James & Associates, Inc. are serving as co-managers of the offering.