According to the latest news from NY, The USA Tea Products including Tea and Tea Set retailer Teavana lands on NYSE. The stock Code is TEA, Iussing 7.14 Millions Shares, Financing $120 Millions, The Opening price is $28.95, Rising 70.29% compared with the issue price.

Dan Geiman, an analyst at McAdams Wright Ragen, said that between the Dunkin’ IPO and stellar earnings from Green Mountain Coffee Roasters Wednesday, investor interest in coffee is piping hot. “Some of that is probably pouring over into Teavana’s success today,” Geiman said.

Teavana owns 161 self-owned sales outlets and 19 franchise sale outlet. Company plan to enlarge to as many as 500 stores. Merrill Lynch and Goldman Sachs as underwriters of the IPO.

Teavana is a specialty tea and tea accessory retailer based in Atlanta, Georgia. Teavana currently operates over 150 company-owned stores in 35 U.S. states and Mexico.

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