Kimberry Pitt
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Kimberry Pitt in Kimberry Pitt,

The Container Store is going Public today!

The Container Store Inc. which is the retailer of storage and sell organization products will begin to trade on NYSE under ticker symbol "TCS" today. It expected for IPO at $18 per share and will offer 12.5 million share. This should raise about $225 million for this IPO and its market value should be about $827 million at the offering price.


JPMorgan, Barclays and Credit Suisse, Merrill Lynch were the lead underwriters for the offering. The Container Store operated 62 store in 22 states. Will you buy this IPO? Did you see that The Container Store will keep growing. Well it's offer just right before the big holiday so I can see the bright side of this already. Also if new home expand then The Container Store can get profit from that.