Updated: Tilly's shares priced higher than expected
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President and CEO Daniel Griesemer
Tilly’s raised more than expected Thursday in its initial public offering and begins trading today on the New York Stock Exchange.
The Tilly’s team sent me this photo of Tilly’s executives this morning in front of the New York Stock Exchange, which had a huge Tilly’s sign adorning the front of the building.
The Tilly’s team during the bell ringing ceremony at the New York Stock Exchange. Photo courtesy of Tilly’s.It ended up selling shares at $15.50, higher than the $11.50 and $13.50 per share range it had planned for.
The sale raised $124 million, according to Reuters.
The stock began trading today under the symbol TLYS.
In early trading, the stock priced debuted on the NYSE at $18.45.
The stock closed at $16.81, 8.4% above its IPO price of $15.50.
