Container Store Files for $200 Million IPO
The Container Store filed paperwork to go public Monday, seeking to raise about $200 million. The Dallas-based company operates 61 stores nationwide focused on storage and organization merchandise. It also designs and sells shelving systems. It said in a regulatory filing that it plans to use proceeds from the initial public offering to pay dividends to preferred shareholders and to repay debt. The filing did not indicate the number of shares to be sold or the estimated price range.