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Tully's Coffee plans IPO

DBR Staff Writer Published 16 March 2007

Tully's Coffee Corporation has announced plans to file a registration statement with the US Securities and Exchange Commission (SEC) for the initial public offering of its common stock.

<p>US-based Tully&#0039;s Coffee expects to file the registration statement before the end of April 2007, and anticipates that gross proceeds from the offering will reach approximately $50 million. Proceeds will fund the expansion of its retail and wholesale operations.<br /><br />The filing is subject to applicable economic and capital market conditions, and a review by the SEC.</p>

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