IPO News: Restoration Hardware Holdings (NYSE:RH) Soars in Market Debut
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Visit: Restoration Hardware Holdings, Inc.
New York, New York - November 2, 2012 (www.investorideas.com newswire) Investorideas.com staff: Investorideas.com, an investor research portal specializing in sector research for independent investors, issues a trading alert for Restoration Hardware Holdings, Inc (NYSE:RH). The stock is trading at $ 31.85, soaring 7.85 or 32.73% as of 11:46AM EDT, following its market debut. The stock has a trading range of $30.32 - 33.15 in morning trading.
The IPO offering consisted of 5,164,332 shares of its common stock at a price to the public of $24 per share.
Restoration Hardware is a luxury brand in the home furnishings marketplace, offering product assortments across a number of categories, including furniture, lighting, textiles, bathware, décor, outdoor and garden, as well as baby and child products. Restoration Hardware operates an integrated business across multiple channels of distribution including galleries, catalogs and websites.
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