Craft Giant Michaels Stores (MIK) Files $500M IPO

March 30, 2012 11:39 AM EDT
Michaels Stores, Inc. (NYSE: MIK) filed a registration with the U.S. Securities and Exchange Commission for an Initial Public Offering of its Common Stock. The proposed maximum offering price is $500 million. The Company plans to list on the New York Stock Exchange under the ticker "MIK."

The offering is being made through J.P. Morgan, Goldman, Sachs & Co., Barclays, Deutsche Bank Securities, BofA Merrill Lynch, Credit Suisse, Morgan Stanley, and Wells Fargo Securities.

According to the initial S-1: "Michaels is the largest arts and crafts specialty retailer in North America."

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