Canadian tea retailer DAVIDsTEA prices IPO at $19, above the upwardly revised range

DAVIDsTEA, a Canadian retailer of its proprietary teas and accessories with 161 stores, raised $97 million by offering 5.1 million shares at $19, above its upwardly revised $17 to $18 range. The company originally planned to offer the same number of shares at $14 to $16. DAVIDsTEA will list on the NASDAQ under the symbol DTEA. Goldman Sachs, J.P. Morgan and BofA Merrill Lynch acted as joint bookrunners on the deal.