Bain’s Michaels Seeks Up to $528 Million in Initial Offering
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Michaels Cos., the arts and crafts retailer backed by Bain Capital Partners LLC and Blackstone Group LP, is seeking as much as $528 million in its U.S. initial public offering.
Michaels is offering 27.8 million shares at $17 to $19 each, according to a regulatory filing today. The IPO is being managed by JPMorgan Chase & Co. and Goldman Sachs Group Inc., the filing shows.