Duluth Holdings (DLTH)

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Yep. Reached $15 almost immediately.

Nov 20, 2015.

"Shares of workwear retailer Duluth Holdings Inc. closed higher on its first day of trading Friday, after the parent of retailer Duluth Trading Co. priced its initial public offering at $12 a share, lower than it had initially targeted.

Shares of Duluth Holdings Inc. closed at $13.65, up nearly 14%, in its first day of trading with the ticker symbol DLTH.

The company said in a filing with securities regulators Friday that its offering raised $74.4 million for the company as well as $5.6 million for investment banks working as its underwriters.

Earlier this month, Duluth told regulators it expected the offering to be priced between $14 and $16 a share. Of the funds raised, some $51.1 million would go to existing shareholders, including executive chairman Stephen Schlecht. The remainder will be used by the company as it embarks on an ambitious retail store expansion plan.

Based south of Madison in Belleville, Duluth is primarily a direct merchant, selling through its catalogs and online. However, the retailer began opening brick-and-mortar stores five years ago — it now has 10 open or leased for future openings — and envisions as many as 100 across the country.

In Wisconsin, Duluth has stores in Mount Horeb, Port Washington, Oshkosh and Belleville."