Franklin Quest Co. announced Wednesday the public offering of 5 million shares of common stock at $15.50 per share in simultaneous U.S. and international offerings.
The shares will trade on the New York Stock Exchange under the symbol "FNQ." Of the shares being offered, 3.5 million are being offered by the company and 1.5 million by selling shareholders.Merrill Lynch & Co. and Smith Barney, Harris Upham & Co. Inc. are the managers of the U.S. syndicate offering 4 million shares and Merrill Lynch International and Smith Barney, Harris Upham & Co. Inc. are the managers of the international syndicate offering 1 million shares. The company and the selling shareholders have granted the underwriters an option to purchase up to an additional 750,000 shares to cover over-allotments.
Franklin Quest Co., based in Salt Lake City, provides training seminars and products designed to improve individual productivity through effective time management.