Restoration Hardware Pops In Market Debut


Company: Restoration Hardware

Owners: Catterton Partners, Tower Three Partners LLC

Event: IPO

Shares of Restoration Hardware rose as much as 34 percent during their market debut on Friday Nov.2, according to sister news service Reuters. The upscale furniture retailer, backed by private equity firms Catterton Partners and Tower Three Partners LLC, opened New York Stock Exchange trading at $32.05 after pricing at the high end of the expected range at $24.

Restoration Hardware priced 5.2 million shares. The company offered 4.8 million shares with selling stockholders offering the rest. Based in Corte Madera, Calif., the company sells furniture, bath linen, lighting fixtures and other items through its stores, catalogs and online. ...

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