Crocs Inc., a designer of footwear under the Crocs brand using proprietary closed-cell resin material, announced Thursday evening that it will offer 9.0 million shares (including 4.5 million insider shares) at a range of $13 to $15. Assuming the stock prices at the midpoint, the company will have an initial market capitalization of $560 million. Piper Jaffray and Thomas Weisel are the lead underwriters on the deal. Timing has yet to be disclosed.
