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Restoration Hardware prices IPO at $24, high end of the range

Posted
11/1/2012 6:13:00 PM
By: Renaissance Capital
Referenced Stocks:RH

Restoration Hardware, a high-end home furnishings retailer with 83 stores in the US and Canada, raised $124 million by offering 5.2 million shares at $24, the high end of the range of $22 to $24. Restoration Hardware plans to list on the NYSE under the symbol RH. BofA Merrill Lynch and Goldman Sachs acted as lead managers on the deal.