Dolby Laboratories Files For Initial Public Offering

23-Nov-04

Dolby Laboratories today announced that it has filed a registration statement with the Securities and Exchange Commission for a proposed initial public offering of its Class A common stock. The offering will include shares to be sold by Dolby Laboratories and by Ray Dolby, founder and principal shareholder of Dolby Laboratories. The offering is being made through an underwriting syndicate led by Morgan Stanley, which will act as book-running co-lead manager, with Goldman, Sachs & Co. as the other co-lead manager, J.P. Morgan Securities Inc. as senior co-manager, and Adams Harkness and William Blair & Company as co-managers. A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold, nor may offers to buy be accepted prior to the time the registration statement becomes effective. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

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