Home furnishings company Restoration Hardware saw its shares climb about 30% during their debut last Friday on the NYSE to close at $31.10. The company, now listed under the symbol RH, priced its IPO of 5.2 million shares at $24, the upper end of its expected $22 to $24 price range, raising a total of $123.9 million. Roughly 4.8 million of the shares in the offering were sold by the company; the remainder was sold by selling stockholders. Restoration Hardware is backed by Catterton Partners and Tower Three Partners, which continue to hold 31.9% and 30.1% stakes in the company, respectively.
