Restoration Hardware files plans for IPO
CORTE MADERA, Calif. — Restoration Hardware Holdings filed plans to return to the public stock market. In a filing with the Securities and Exchange Commission, the company said it intends to offer up to $150 million in common shares to repay debt and for general corporate purposes.
Restoration Hardware had been a publicly traded company for about 10 years beginning in 1998. In June 2008, it was acquired by private-equity firm Catterton Partners in a $179 million buyout. Currently, Restoration Hardware operates 87 full-priced stores and 10 outlets throughout the United States and Canada.
The number of shares of common stock to be sold in, and the price range for, the proposed offering have not yet been determined.