DTEA News

Wingstop, a fast casual chicken wing-focused restaurant chain with 745 locations, raised $110 million by offering 5.8 million shares at $19, above the upwardly revised range of $16 to $18. Wingstop first planned to offer shares at a range of $12 to $14, making its $19 offer price the year's largest pricing premium (+46%) to the original midpoint Last week's consumer IPO,...read more

Four IPOs raised $613 million in the past week, 11% more than expected thanks to two high-growth consumer and tech IPOs. IPO investors have been discerning: two IPOs priced above the range, one yield play came in at its midpoint and one medical device company went public at the low end of the range. We...read more

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...read more

DAVIDsTEA, a Canadian retailer of proprietary teas and accessories with 161 stores, raised the proposed deal size for its upcoming IPO on Wednesday. The Quebec, Canada-based company now plans to raise $92 million by offering 5.1 million shares (41% insider) if it prices at the high end of its newly proposed $17 to $18 price range. The company had previously filed at a range of...read more