Restoration Hardware (RH) IPO Surges Higher

November 2, 2012 9:46 AM EDT Send to a Friend
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, d├ęcor, 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


Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

Hot IPOs, IPOs, Trader Talk

Related Entities

Piper Jaffray, Stifel Nicolaus, William Blair, Merrill Lynch, Robert W Baird, Bank of America

Add Your Comment