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Apparel retailer J.Jill commences initial public offering
01
Mar '17
Women’s omni channel apparel retailer J.Jill has commenced an initial public offering of 11.666 million shares of its common stock, being sold by a stockholder. J.Jill will not receive any of the proceeds of the offering and the price range for the initial public offering, is currently estimated to be between $14.00 and $16.00 per share.

Additionally, the selling stockholder has also granted the underwriters a 30-day option to purchase a further 1.750 million shares of common stock.

BofA Merrill Lynch, Morgan Stanley and Jefferies are serving as joint lead book-running managers and as representatives of the underwriters for the proposed offering.

Deutsche Bank Securities, RBC Capital Markets, UBS Investment Bank and Wells Fargo Securities are acting as joint book-running managers for the proposed offering. (AR)

Fibre2Fashion News Desk – India


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