Herbalife Ltd., formerly known as WH Holdings (Cayman Islands) Ltd. (NYSE:HLF), announced the initial public offering of 14,500,000 common shares, 13,500,000 of which are being sold by Herbalife and 1,000,000 of which are being sold by certain shareholders of Herbalife, at a price of $14 per share. Herbalife has granted the underwriters a 30-day option to purchase an additional 2,175,000 shares at the initial offering price to cover over-allotments, if any.

The shares were listed and traded, December 16, on the New York Stock Exchange under the symbol HLF. The offering was made through an underwriting syndicate led by Merrill Lynch, Pierce, Fenner & Smith Incorporated and Morgan Stanley & Co. Incorporated, who acted as joint book-running managers. Banc of America Securities LLC, Credit Suisse First Boston LLC, and Citigroup Global Markets Inc. acted as co-managers.