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Francesca's (FRAN) IPO Opens Higher

July 22, 2011 10:45 AM EDT
The IPO for Francesca's Holdings (Nasdaq: FRAN) is open for trading. Shares are trading at $22.50 after pricing 10,000,000 share IPO at $17 per share, above the expected $14-$16 range.

The offering is being made through Goldman, Sachs & Co., J.P. Morgan, Jefferies, RBC Capital Markets, Stifel Nicolaus Weisel, and KeyBanc Capital Markets

Francesca's Collections is a growing specialty retailer with boutiques designed and merchandised to feel like independently owned, upscale boutiques and provide customers with an inviting, intimate and differentiated shopping experience.


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