real-time news and commentary for investors
Wednesday, Oct 30
The Container Store prepares for IPO
- The Container Store (TCS) raises the expected price of its IPO to a range of $17 to $18 a share after early demand for the stock looks strong.
- The public offering follows the same recipe, a well-known chain with thin float, as other retail/restaurants companies which saw shares fly right from the start.
- For the fiscal year ending March 31, The Container Store reported sales of $706M and has knocked out 13 straight quarters with positive comparable store sales growth.