Davids Tea... should Starbucks be worried?

By: body0water, 06th Jun, 2015 313 Views

June 5th-

The Montreal-based beverage company priced its shares Thursday evening at $19 apiece and posted a 35% gain on Friday. Investors leapt at a chance to invest in a tea retailer with 136 stores in Canada but just 25 locations in the U.S. Shares jumped as much as 42%, but were recently trading at around $34.80 under the ticker symbol DTEA on the Nasdaq Global Market.

Tags: business, finance, investing, lifestyle, food

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