In a storm-disrupted week that caused a two-day shutdown of the stock market, Restoration Hardware Holdings has managed to pull off a long-awaited initial public offering.
Shares of the specialty home furnishings retailer were priced at $24 - the high end of the range that was set last week - raising $124 million in the offering.
Shares of Restoration Hardware are set to start trading on the New York Stock Exchange on Friday under the ticker symbol RH.
Restoration Hardware. which is based in Corte Madera, Calif., was taken private in a 2008 buyout by the private equity firms Catterton Partners and Tower Three Partners and its top executive at the time, Gary Friedman, for about $175 million.
Bank of America-Merrill Lynch and Goldman Sachs are leading the underwriting of the offering. Comanaging the offering are Baird, William Blair, Piper Jaffray and Stifel Nicolaus Weisel.
