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REGIONAL ROUNDUP

OroAmerica Issues Initial Public Stock Offering

September 28, 1993

OroAmerica Inc., a Burbank jewelry maker, went public in an initial stock offering last week that it hoped would net the company $21.6 million after expenses.

In the offering, OroAmerica planned to sell 2,250,000 shares of its common stock at an initial offering price of $12 a share. The company said some of its current stockholders would sell an additional 250,000 common shares.

A current OroAmerica stockholder has also given the underwriters of the offering, Sutro & Co. and The Seidler Companies Inc., an option to purchase up to 337,500 additional common shares.

OroAmerica, which manufacturers gold jewelry sold primarily through discount stores and home-shopping networks, said it will use the offering proceeds to repay debt.

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