Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

Tilly's Prices IPO Of 8 Mln Of Class A Shares At $15.50/Shr - Quick Facts

RELATED NEWS
Trade TLYS now with 

Tilly's Inc. (TLYS: Quote) said it has priced an initial public offering of 8.0 million Class A common shares at $15.50 per share. Tilly's is offering 7.60 million shares and selling stockholders are offering 400,000 shares. The shares would be listed on the New York Stock Exchange under the symbol "TLYS" and would begin trading today. The underwriters have a 30-day option to buy up to an additional 1,200,000 shares from the selling stockholders to cover overallotments, if any. Tilly's would not receive any proceeds from the sale of shares by the selling stockholders.

Tilly's anticipates to receive proceeds, net of the underwriting discounts and offering expenses, of about $107.6 million. Tilly's plans to use $84.0 million to pay in full the principal amount of notes held by existing stockholders representing the final undistributed "S" corporation earnings of World of Jeans & Tops, a wholly-owned unit, while the remaining proceeds would be used for working capital and general corporate purposes.

Click here to receive FREE breaking news email alerts for Tilly’s Inc. and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Stocks moved sharply lower over the course of the trading day on Wednesday, adding to the modest weakness seen in the two previous sessions. With the losses on the day, the major averages fell to their lowest closing levels in over a month. Democrats have climbed into the lead on a generic ballot, according to the results of a new CNN/ORC International poll, although the results may not be as positive for the party as they first appear. With spending on private and public construction both showing notable decreases, the Commerce Department released a report on Wednesday showing an unexpected drop in U.S. construction spending in the month of August.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.