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Citi trends announces pricing of secondary public offering
14 Jun '07
2 min read
Citi Trends Inc announced the pricing on June 12, 2007 of an underwritten secondary public offering of 2,135,000 shares of its common stock by certain of its shareholders at a public offering price of $37.92 per share.
The underwriters have the option to purchase up to an additional 320,250 shares of common stock from certain shareholders to cover over-allotments, if any.
All of the shares will be sold by shareholders of Citi Trends Inc and, as a result, Citi Trends will not receive any of the proceeds from the offering.
CIBC World Markets is acting as sole book-running manager and Cowen and Company, Piper Jaffray and Wachovia Securities are acting as co-managers. The shares of common stock may only be offered by means of a prospectus.
A shelf registration statement relating to these securities has been filed with and declared effective by the Securities and Exchange Commission.
This announcement shall not constitute an offer to sell or the solicitation of an offer to buy any securities of Citi Trends Inc, nor shall there be any sale of securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
The underwriters have the option to purchase up to an additional 320,250 shares of common stock from certain shareholders to cover over-allotments, if any.
All of the shares will be sold by shareholders of Citi Trends Inc and, as a result, Citi Trends will not receive any of the proceeds from the offering.
CIBC World Markets is acting as sole book-running manager and Cowen and Company, Piper Jaffray and Wachovia Securities are acting as co-managers. The shares of common stock may only be offered by means of a prospectus.
A shelf registration statement relating to these securities has been filed with and declared effective by the Securities and Exchange Commission.
This announcement shall not constitute an offer to sell or the solicitation of an offer to buy any securities of Citi Trends Inc, nor shall there be any sale of securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
Citi Trends Inc
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