Capital Markets

DAVIDsTEA in its initial public offering for aggregate gross proceeds to the company of $64.9 million

DAVIDsTea Inc.
Key Contact
Shahir Guindi, Ad. E.

Former National Co-Chair, Partner, Corporate, Montréal

Team
François Paradis

Partner, Corporate, Montréal

Raphaël Amram

Partner, Corporate, Montréal

Jeremy Brisset

Partner, Corporate, Montréal

Mark Brender

Partner, Tax, Montréal

Alain Fournier

Partner, Tax, Montréal

On June 10, 2015, DAVIDsTEA Inc. (the “Company”) completed its initial public offering in the United States of 3,414,261 common shares at a price per share of USD$19.00, for aggregate gross proceeds to the Company of approximately USD$64.9 million (the “Treasury Offering”). On the same day and in connection with the Treasury Offering, certain existing shareholders of the Company also sold common shares on a secondary basis at a price per share of USD$19.00, for aggregate gross proceeds to those selling shareholders of approximately USD$46.6 million (together with the Treasury Offering, the “Offering”). Included in the Offering was the sale of common shares to Canadian investors on a prospectus-exempt basis at the same price per share, for aggregate proceeds to the Company of approximately USD$10 million. The Company was listed on the NASDAQ and commenced trading on June 5, 2015 under the symbol “DTEA” at an initial price per share of USD$19.00, reaching an end of day trading price upwards of USD$25.00.

DAVIDsTEA Inc. was represented by Osler on Canadian matters with a team consisting of Shahir Guindi, François Paradis, Raphaël Amram and Jeremy Brisset (Corporate Finance; Securities); and Mark Brender and Alain Fournier (Tax).

Value
US$111.5 million
Date Closed
June 10, 2015
Lead Office
Montréal
Key Contact
Shahir Guindi, Ad. E.

Former National Co-Chair, Partner, Corporate, Montréal

Team
François Paradis

Partner, Corporate, Montréal

Raphaël Amram

Partner, Corporate, Montréal

Jeremy Brisset

Partner, Corporate, Montréal

Mark Brender

Partner, Tax, Montréal

Alain Fournier

Partner, Tax, Montréal