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.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. #
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)
ALCHEMPro News Desk – India
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