DAVIDsTEA Inc. Announces Pricing of Initial Public Offering
MONTREAL, June 4, 2015 -- DAVIDsTEA, Inc. (DTEA), today announced the pricing of its initial public offering of 5,100,000 shares of common stock at a price of $19.00 per share. The Company's shares are expected to begin trading on The NASDAQ Global Market on June 5, 2015 under the ticker symbol "DTEA." In addition, the underwriters have been granted a 30-day option to purchase up to an additional 765,000 shares at the initial public offering price, less underwriting discounts and commissions.
The offering is being made through an underwriting group led by Goldman, Sachs & Co., J.P. Morgan Securities LLC and Merrill Lynch, Pierce, Fenner & Smith Incorporated. Acting as co-managers are BMO Capital Markets Corp. and William Blair & Company, L.L.C.
- Published: 05 June 2015
- Written by Editor