Tully's Coffee Withdraws IPO

Tully's Coffee Cancels Initial Public Offering Due to Continued Market Volatility
February 07, 2008: 02:22 PM EST

NEW YORK (Associated Press) - Tully's Coffee Corp. said Thursday it will not proceed with its planned initial public offering due to continued volatility in the market.

The Seattle-based company, which postponed the IPO in August, planned to raise about $34.5 million from an offering of 3.5 million shares, according to filings with the Securities and Exchange Commission. The company expected the offering to price between $10 and $12 per share.

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