Signature Eyewear Inc. (initial public offering of 1.8 million shares)

Daily News Record, July, 1997

Signature Eyewear Inc., designer and marketer of licensed designer eyewear, filed for an initial public offering of 1.8 million shares. In a filing with the Securities and Exchange Commission, the company said it plans to sell 1.6 million shares with insider shareholders selling the remaining 200,000 shares.

Signature said it expects the shares to come to market between $9 and $11 a share. Proceeds from the offering will be used to retire existing debt, to launch a line of Eddie Bauer eyewear and for working capital and other general purposes. Fechtor, Detwiller & Co. and Van Kasper & Co. will underwrite the deal, which has an over allotment option from up to 202,500 additional shares. After the offering, Signature will have 5.2 million common shares outstanding.