Restoration Hardware (RH) IPO Surges Higher
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The IPO for Restoration Hardware (NYSE: RH) is open for trading. Shares opened at $32.05 after pricing 5.16 million shares at $24, the top end of the expected $22-$24 range.
BofA Merrill Lynch and Goldman, Sachs & Co. are acting as joint book-running managers of the offering, with Baird, William Blair, Piper Jaffray & Co. and Stifel Nicolaus Weisel acting as co-managers.
A spin-out from Sears Holdings (NASDAQ: SHLD), Restoration Hardware is a luxury brand in the home furnishings marketplace, offering product assortments across a number of categories, including furniture, lighting, textiles, bathware, décor, outdoor and garden, as well as baby and child products. Restoration Hardware operates an integrated business across multiple channels of distribution including galleries, catalogs and websites
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BofA Merrill Lynch and Goldman, Sachs & Co. are acting as joint book-running managers of the offering, with Baird, William Blair, Piper Jaffray & Co. and Stifel Nicolaus Weisel acting as co-managers.
A spin-out from Sears Holdings (NASDAQ: SHLD), Restoration Hardware is a luxury brand in the home furnishings marketplace, offering product assortments across a number of categories, including furniture, lighting, textiles, bathware, décor, outdoor and garden, as well as baby and child products. Restoration Hardware operates an integrated business across multiple channels of distribution including galleries, catalogs and websites
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Piper Jaffray, Stifel Nicolaus, William Blair, Merrill Lynch, Robert W Baird, Bank of America
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