Restoration Hardware (RH) launches a 12M share follow-on offering, with an option by the...

|About: Restoration Hardware (RH)|By:, SA News Editor

Restoration Hardware (RH) launches a 12M share follow-on offering, with an option by the underwriters to sell an additional 1.8M shares to cover overallotments, if any. All shares are to be sold by existing stockholders with no shares being sold by the company, nor will the company receive any proceeds from the sale. BAML and Goldman Sachs are joint book runners. Shares -1.3% AH.