Shares of tea retailer DavidsTea make hot U.S. debut: Reuters
Shares of DavidsTea Inc, a specialty tea retailer that has grown rapidly in Canada and the United States since its founding in Montréal in 2008, rose as much as 39 percent in their U.S. debut, valuing the company at about US$600 million, Reuters reported. The company's IPO raised about US$97 million after the stock was priced at a revised US$19 per share. Highland Consumer Partners, DavidsTea's backer since 2012, also sold shares.
5 June 2015•2 mins read
