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J.Crew Shares Pricing At About the Cost of a T-Shirt

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Preppy clothing company J.Crew plans to issue 18.8 million shares it is issuing in its initial public offering, according to the June 13 Prospectus obtained by DealBreaker. Currently the estimated price per share is between $15 and $17 dollars, which is just about what a men's t-shirt will cost you during a sale. The IPO is expected to finally price on Tuesday, June 27, according to a DealBreaker source. That price may be pushed up as June 27 approaches, however, by investors clamoring to get in on the IPO, our source said.
We were going to include a link to the prospectus itself but the file is huge. Trust us, you don't want to download this monster. And, even more boringly, the prospectus only comes in plain white, with the usual black and red lettering. We were hoping for Tulip, Papaya or Clover.