Simpson Thacher represented the underwriters, led by Goldman, Sachs & Co. and J.P. Morgan Securities LLC, in the initial public offering by DAVIDsTEA Inc. of 5,865,000 common shares at a price to the public of $19 per share, including 765,000 shares sold in connection with the full exercise of the option to purchase additional shares granted to the underwriters. DAVIDsTEA’s common shares are listed on the NASDAQ Global Market under the symbol “DTEA.”
DAVIDsTEA is a fast-growing branded beverage company, offering a differentiated selection of proprietary loose-leaf teas, pre-packaged teas, tea sachets and tea-related gifts and accessories. As of May 2, 2015, the Company owned and operated 161 DAVIDsTEA stores throughout the United States and Canada. The Company is headquartered in Montréal, Canada.
The Simpson Thacher team included Rhett Brandon, Lia Toback, Ryan Castillo and Leah Nudelman (Capital Markets); Taylor Alexander (Tax); Paul Koppel and Patricia Adams (ECEB); Michael Isby (Environmental); Michelle Morad (IP); and Jennie Getsin (FINRA and Blue Sky).