Reuters: Financial Services and Real Estate: Tilly's IPO exceeds expectations -underwriter

Reuters: Financial Services and Real Estate Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

Tilly's IPO exceeds expectations -underwriter May 3rd 2012, 23:47 NEW YORK | Thu May 3, 2012 7:47pm EDT NEW YORK May 3 (Reuters) - Fashion retailer Tilly's Inc priced 8 million shares at $15.5 during its initial public offering on Thursday, above its expected price range, according to an underwriter. The Irvine, California-based company had planned to price shares between $11.5 and $13.5. Tilly's will sell 7.6 million shares, while existing stockholders will sell 400,000 shares. Proceeds will be used to pay current shareholders of World of Jeans & Tops through which Tilly's sells its merchandise.

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