Tully's files for $50M IPO

SEATTLE Tully's Coffee Corp. said Thursday it plans to file for a $50 million initial public offering of its common stock. Proceeds would be used to fund expansion of the 126-unit Tully's Coffee chain and its wholesale business, as well as working capital and general corporate purposes, the company said in a statement.

Aregistration statement for the sale of securities will be filed by the end of April with the Securities & Exchange Commission, it also said. As

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