Restoration Hardware sets IPO terms

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Restoration Hardware, a high-end home furnishings retailer with 83 stores in the US and Canada, announced terms for its IPO on Tuesday. The Corte Madera, CA-based company plans to raise $119 million by offering 5.2 million shares (7% insider) at a price range of $22 to $24. At the midpoint of the proposed range, Restoration Hardware would command a fully diluted market value of $850 million. Restoration Hardware, which was founded in 1981 and booked $749 million in sales for the 12 months ended 7/28/2012, plans to list on the NYSE under the symbol RH. BofA Merrill Lynch and Goldman Sachs 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: RH

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