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Specialty retailer Francesca's prices IPO at $17, above the range

July 21, 2011

Francesca's Holdings, which operates a chain of trendy women's boutiques with 249 locations in 38 states, raised $170 million by offering 10 million shares at $17, above the range of $14 to $16. Francesca's Holdings plans to list on the NASDAQ under the symbol FRAN. Goldman, Sachs & Co., J.P. Morgan, and Jefferies & Co. acted as lead managers on the deal.