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
After ending the previous session nearly flat, stocks moved mostly lower over the course of the trading day on Friday. Uncertainty about the outlook for monetary policy weighed on the markets ahead of next week's Federal Reserve meeting. Despite the ceasefire in eastern Ukraine, the U.S. Treasury Department on Friday announced a new round of sanctions against Russia for its role in the conflict. Treasury Secretary Jacob Lew determined that persons operating within Russia's defense and related materiel sector may now be subject to targeted sanctions. Business inventories in the U.S increased in line with economist estimates in the month of July, according to a report released by the Commerce Department on Friday. The Commerce Department said business inventories rose by 0.4 percent in July, matching the increase reported for June as well as the consensus estimate.
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.