Restoration Hardware files for $150 million IPO

US furniture retailer, Restoration Hardware Holdings Inc, filed with US regulators on Friday to raise up to $150 million in an initial public offering of its common stock. A source close to the company had told Reuters a year ago that the company would raise about $300 million in an IPO in the first half of this year.
In November 2007, Restoration Hardware had agreed to be taken private in a transaction led by CEO Gary Friedman and private-equity firm Catterton. The retailer, which sells furniture, bath linens, lighting fixtures and other items for homes, said it plans to use proceeds from its IPO mainly to repay debt.