J.Jill (JILL) IPO Prices at $13, Below Expected Range

J.Jill (NYSE: JILL) announced the pricing of its initial public offering of 11,666,667 shares of its common stock at a public offering price of $13.00 per share, below the expected $14-$16 range. J.Jill’s shares are expected to begin trading on the New York Stock Exchange on March 9, 2017 under the ticker “JILL”. In addition, an existing stockholder has granted the underwriters a 30-day option to purchase up to an additional 1,750,000 shares at the initial public offering price, less underwriting discounts and commissions.

The closing for the offering is expected to occur on March 14, 2017, subject to the satisfaction of customary closing conditions.

BofA Merrill Lynch, Morgan Stanley and Jefferies are acting 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.

J.Jill is an omni-channel premier retailer and nationally recognized women’s apparel brand committed to delighting our customers with great wear-now product. J.Jill operates an omni-channel platform that delivers a seamless experience to our customers through over 270 stores nationwide and a robust ecommerce experience. The J.Jill brand represents an easy, relaxed, inspired style that reflects the confidence and comfort of a woman with a rich, full life. J.Jill is headquartered outside Boston.

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