DAVIDsTEA Prices IPO At $19.00/shr

(RTTNews) - DAVIDsTEA Inc. (DTEA)announced the pricing of its initial public offering of 5.10 million shares of common stock at a price of $19.00 per share.

The Company's shares are expected to begin trading on The NASDAQ Global Market on June 5, 2015 under the ticker symbol "DTEA."

In addition, the underwriters have been granted a 30-day option to purchase up to an additional 765,000 shares at the initial public offering price, less underwriting discounts and commissions.

DAVIDsTEA is a fast-growing branded beverage company, offering a differentiated selection of proprietary loose-leaf teas, pre-packaged teas, tea sachets and tea-related gifts and accessories. As of May 2, 2015, the Company owned and operated 161 DAVIDsTEA stores throughout the United States and Canada. The Company is headquartered in Montréal, Canada.