IRVINE, Calif.--(BUSINESS WIRE)--May. 9, 2012--
Tilly’s, Inc. (NYSE: TLYS) today announced that in connection with its
initial public offering, the underwriters have exercised in full their
option to purchase an additional 1,200,000 shares from certain selling
shareholders to cover over-allotments. As a result, the total initial
public offering size was 9,200,000 shares, which consisted of 7,600,000
shares sold by Tilly’s, Inc. and 1,600,000 shares sold by the selling
shareholders. The 9,200,000 shares in the offering were sold at a price
to the public of $15.50 per share. Tilly’s, Inc. did not receive any
proceeds from the sale of shares by the selling shareholders.
Goldman, Sachs & Co., BofA Merrill Lynch, and Piper Jaffray & Co. acted
as book-running managers, and William Blair & Company and Stifel
Nicolaus Weisel acted as co-managers for this offering. Latham & Watkins
LLP served as legal counsel to Tilly’s in connection with the offering.
The offering was made only by means of the written prospectus forming
part of the effective registration statement. A copy of the final
prospectus may be obtained by contacting Goldman, Sachs & Co.,
Prospectus Department, 200 West Street, New York, NY 10282, telephone
1-866-471-2526, facsimile 212-902-9316, or by emailing prospectus-ny@ny.email.gs.com;
BofA Merrill Lynch, 4 World Financial Center, New York, NY 10080, Attn:
Prospectus Department, or by emailing dg.prospectus_requests@baml.com;
or Piper Jaffray & Co., Attn: Equity Capital Markets, 800 Nicollet Mall,
J12S03, Minneapolis, MN 55402, telephone 800-747-3924, or by emailing prospectus@pjc.com.
A registration statement relating to shares of Tilly’s Class A common
stock was declared effective by the U.S. Securities and Exchange
Commission on May 3, 2012. This press release shall not constitute an
offer to sell or a solicitation of an offer to buy, nor shall there be
any sale of these securities in any state or jurisdiction in which such
an offer, solicitation or sale would be unlawful.
About Tilly’s
Tilly's is a fast-growing destination specialty retailer of West Coast
inspired apparel, footwear and accessories with an extensive assortment
of the most relevant and sought-after brands rooted in action sports,
music, art and fashion. Tilly’s is headquartered in Southern California
and, as of April 28, 2012, operated 145 stores and through its website, www.tillys.com.
Source: Tilly’s, Inc.
Investor Relations:
ICR, Inc.
Anne Rakunas/Joseph Teklits
310-954-1113
anne.rakunas@icrinc.com
