Container Store Stock Jumps In IPO Trading

NEW YORK (November 1, 2013) The Container Store’s stock jumped $17.10, or 95 percent, to $35.10 in morning trading Friday as the company made its debut on the New York Stock Exchange.

The retailer, which specializes in shelving, storage bins, boxes and related organizational items, priced its initial public offering of 12.5 million shares at $18 apiece, above the projected price range of $14 to $16 per share.

The Container Store Group Inc. raised $225 million in the IPO.

The Dallas company has 62 stores nationwide that sell organization and storage products and also owns Elfa, a Swedish maker of storage system parts that are sold in its stores and elsewhere.

Shares are trading under the "TCS" ticker symbol.

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