Tilly's discloses expected share price

Tilly’s expects its initial public offering of 8 million shares to be priced between $11.50 and $13.50, according to Reuters.

That means at the mid-point of the range, Tilly’s could receive about $86.4 million after fees and expense.

Most of the proceeds will go to paying current shareholders and founders Tilly Levine and Hezy Shaked, Reuters said.

The stock will be traded on the New York Stock Exchange under the symbol “TLYS.”