BUZZ-DavidsTea Inc: Shares soar in market debut

Fri Jun 5, 2015 10:59am EDT
 
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** Canadian specialty tea retailer's shares up 29 pct at $24.33 in U.S. debut

** Shares jump to $26.30, valuing company at about $600 mln

** IPO of 5.1 mln shares raised $96.9 million after it was priced at $19 per share, above the already raised price range of $17-$18

** Company operated 130 stores in Canada and 24 stores in the United States as of Jan. 31