Organization products retailer The Container Store sets terms for $188 million IPO

By
A A A

The Container Store Group, a national retail chain of storage and organization products, announced terms for its IPO on Monday. The Coppell, TX-based company plans to raise $188 million by offering 12.5 million shares at a price range of $14 to $16. At the midpoint of the proposed range, The Container Store Group would command a fully diluted market value of $729 million.

The Container Store Group, which was founded in 1978 and booked $736 million in sales for the 12 months ended August 31, 2013, plans to list on the NYSE under the symbol TCS. The Container Store Group initially filed confidentially on July 12, 2013. J.P. Morgan, Barclays, Credit Suisse, Morgan Stanley, BofA Merrill Lynch, Wells Fargo and Jefferies are the joint bookrunners on the deal.



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: News Headlines , IPOs

Referenced Stocks: TCS

Renaissance Capital

Renaissance Capital

More from Renaissance Capital:

Related Videos

The Pumpkin Carvers
The Pumpkin Carvers                 

Stocks

Referenced

100%

Most Active by Volume

88,066,694
  • $97.19 ▲ 2.61%
58,241,731
  • $71.29 ▲ 2.92%
51,058,864
  • $44.87 ▲ 0.09%
48,927,829
  • $28.75 ▲ 0.81%
46,551,917
    $15.52 unch
40,249,498
  • $3.46 ▼ 0.57%
38,633,031
  • $22.43 ▼ 9.63%
38,240,825
  • $34.71 ▲ 3.30%
As of 7/23/2014, 04:04 PM