Restoration Hardware, a retailer of a diverse selection of home furnishings in the United States and Canada, filed on Friday with the SEC to raise up to $150 million in an initial public offering. If successful, this would be Restoration Hardware’s second IPO. The company originally went public in 1998 but was later acquired by private equity firm Catterton Partners in 2008. Since its first IPO, the company has made efforts to reposition itself from a nostalgic, discovery-items business to a leading home furnishings brand.
The Corte Madera, CA-based company, which was founded in 1981 and booked $862 million in sales for the 12 months ended July 30, 2011, has yet to select an exchange or ticker symbol. Bank of America and Goldman Sachs are the lead underwriters on the deal. No pricing terms were disclosed.
