Investors zip up J. Crew story

Posted by: Aaron Pressman on June 28, 2006

Score one for the good guys. J. Crew (JCG) priced last night at $20 a share, $3 above the high end of its filed ranged, and opened today up 25% to $25.05. It’s the sort of healthy pop that gives IPOs a good name without leaving obscene amounts of money on the table/in the pockets of big funds that got shares to flip. As I mentioned the other day, LBO owners Texas Pacific Group are putting $73 million INTO the company concurrent with the IPO. An unusual show of faith.

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Bloomberg Businessweek’s Ben Steverman focuses on the latest moves in financial markets and emerging trends in stocks, bonds, and funds, always with an eye toward giving readers a better understanding of the sometimes confusing and often chaotic world of money. Standard & Poor’s senior index analyst Howard Silverblatt will also provide his take on companies’ finances and the markets. Voted one of the “Top 100 Finance Blogs” in 2007.

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