Wet Seal Raises Cash
- Share via
IRVINE — Young women’s apparel retailer Wet Seal Inc. said Tuesday that it raised nearly $14.4 million in a public offering of 765,000 shares of its Class A common stock. Proceeds will be used for general corporate purposes, including repayment of debt and expansion. In addition, existing shareholders sold 2.8 million shares in the offering. The offering was sold at $20 a share.
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
