Restoration Hardware Files for $150 Million IPO
Home furnishings retailer Restoration Hardware filed on Wednesday for an initial public offering of $150 million.
The company, which operates more than 70 retail locations and another 10 outlet shops in the U.S. and Canada, plans to trade under the symbol “RH” on the New York Stock Exchange.
In 2008, Catterton Partners bought the company for $179 million, edging out a rival offer by Sears Holdings.
Bank of America and Goldman Sachs are lead underwriters for the IPO.
Restoration Hardware's announcement comes one month after the company's Co-Chief Executive Gary Friedman resigned after an internal investigation began into a relationship Friedman had with a female employee.