The Container Store completes IPO; adds four board members

Dallas -- The Container Store Group, Inc. has completed its IPO of 14.375 million shares of its common stock at a price to the public of $18 per share, including 1.875 million shares sold in connection with the full exercise of the option to purchase additional shares granted to the underwriters.

The shares began trading on the New York Stock Exchange on November 1, 2013 under the symbol “TCS.” In connection with the IPO, four new directors have joined the board of directors: Robert E. Jordan, executive VP & chief commercial officer of Southwest Airlines and President of AirTran Airways, Danny Meyer, CEO of Union Square Hospitality Group, Walter Robb, co-CEO of Whole Foods Markets, and Rajendra (“Raj”) Sisodia, the FW Olin Distinguished Professor of Global Business at Babson College.

J.P. Morgan, Barclays, Credit Suisse, Morgan Stanley, BofA Merrill Lynch, Wells Fargo Securities and Jefferies acted as joint book-running managers for the offering, and Guggenheim Securities acted as co-manager.