LITTLETON, MA. - Nov 18, 2005 Marketwire/- Dover Saddlery, Inc. (NASDAQ:DOVR) announced today the pricing of its initial public offering of 2,750,000 shares of its common stock at a price to the public of $10.00 per share. 1,433,223 of the shares are being offered by Dover Saddlery and 1,316,777 of the shares are being offered by a group of selling stockholders. In addition, Dover Saddlery and the selling stockholders have granted to the underwriters a 30-day option to purchase up to an additional 37,500 shares and 375,000 shares, respectively, to cover over- allotments, if any. Dover Saddlery's common stock will be listed on the Nasdaq National Market under the symbol "DOVR." WR Hambrecht + Co. led the offering, which was made through WR Hambrecht + Co.'s OpenIPO® auction-based process.
A registration statement relating to these securities was declared effective by the Securities and Exchange Commission on November 17, 2005. This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. The offering is made only in the prospectus.
A copy of the prospectus relating to the offering may be obtained by going to WR Hambrecht + Co.'s Web site, www.wrhambrecht.com, by calling 1-800-673-6476 or by writing to WR Hambrecht + Co., 555 Lancaster Avenue, Berwyn, PA 19312.
Tel 978 952 8062 x218