Container Store Group Prices IPO At $18/Shr - Quick Facts

(RTTNews) - The Container Store Group, Inc., a specialty retailer of storage and organizational products in the U.S., announced that it has priced its initial public offering of 12.50 million common shares at $18 per share. The company recently disclosed that it expects to price its initial public offering at $17 to $18 per share.

The Coppell, Texas-based company's shares will be listed on the New York Stock Exchange and will trade under the ticker symbol "TCS" starting November 1, 2013.

The company is offering all the 12.50 million shares in this offering and also has granted a 30-day option to underwriters to purchase up to an additional 1.87 million shares.

J.P. Morgan, Barclays, Credit Suisse, Morgan Stanley, BofA Merrill Lynch, Wells Fargo Securities and Jefferies are acting as joint book-running managers of the proposed offering, and Guggenheim Securities is acting as co-manager.