DESIGNS INC <DESI.O> INITIAL OFFERING UNDERWAY
Lead underwriter Kidder, Peabody and Co
Inc sand an initial public offering of two mln common shares of
Designs Inc is underway at 13 dlrs per share.
    The company is selling 1,125,000 shares and shareholders
the rest, and underwriters have been granted an option to buy
up to 300,000 more shares to cover overallotments.
 Reuter
