Shearman And Sterling

News September 19, 2018

Secondary Follow-On Public Offering of Tilly’s, Inc. Stock

Shearman & Sterling advised the underwriters of a follow-on public offering of 6,325,000 shares of Class A common stock of Tilly’s, Inc. (including 825,000 shares purchased by underwriters pursuant to their option to purchase additional shares) sold by certain of its stockholders, including its co-founders Mr. Hezy Shaked and Ms. Tilly Levine.  

BofA Merrill Lynch acted as lead book-running manager for the offering, and B. Riley FBR, Inc. and Roth Capital Partners, LLC acted as co-managers.

Tilly’s, Inc. (NYSE: TLYS) is a leading destination specialty retailer of casual apparel, footwear and accessories for young adults, teens and children. Tilly’s opened its first store in Southern California in 1982 and offers an unparalleled selection of iconic global, emerging and proprietary brands rooted in an active and outdoor lifestyle. At present, it has 226 stores across 31 states, as well as a growing and profitable online business that reaches consumers nationally. Tilly’s is headquartered in Irvine, California.

The Team