{"id":28723,"date":"2012-03-31T05:49:10","date_gmt":"2012-03-31T09:49:10","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=28723"},"modified":"2012-03-31T05:49:10","modified_gmt":"2012-03-31T09:49:10","slug":"michaels-stores-files-for-ipo-planning-to-raise-500-million","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2012\/03\/31\/michaels-stores-files-for-ipo-planning-to-raise-500-million\/","title":{"rendered":"Michael&#8217;s Stores Files for IPO, Planning to Raise $500 Million"},"content":{"rendered":"<p><div id=\"grabDiv1767162\"><object id=\"GrabPlayer1767162\" width=\"542\" height=\"304\" type=\"application\/x-shockwave-flash\" align=\"middle\" data=\"http:\/\/player.grabnetworks.com\/swf\/GrabOSMFPlayer.swf?id=1767162&#038;content=v95bbecf5e7dce20b6d219dd45bebeb1dd6070c33&#038;tgt=grabnetworks\"><param name=\"quality\" value=\"high\"\/><param name=\"allowScriptAccess\" value=\"always\"\/><param name=\"allowFullScreen\" value=\"true\"\/><param name=\"menu\" value=\"false\"\/><param name=\"wmode\" value=\"transparent\"\/><param name=\"movie\" value=\"http:\/\/player.grabnetworks.com\/swf\/GrabOSMFPlayer.swf?id=1767162&#038;content=v95bbecf5e7dce20b6d219dd45bebeb1dd6070c33&#038;tgt=grabnetworks\"\/><\/object><\/p>\n<div id=\"overlay-adzone\" style=\"overflow:hidden; position:relative\"><\/div>\n<\/div>\n<p>Arts and crafts retailer Michael&#8217;s has filed with the U.S. Securities and Exchange Commission for an initial public offering. Michaels Stores hopes to raise $500 million dollars and didn&#8217;t specify the number of shares it plans to sell. The amount is a placeholder used to calculate fees and may change.The arts and crafts retailer had sales of $4.2 billion in the year ended January 28, 2012 with almost 1,200 locations. It was bought by Blackstone Group LP and Bain Capital in 2006 in a deal valued at about $6 billion.The stock will be listed on the New York Stock Exchange under the symbol MIK. J.P. Morgan Chase and Goldman Sachs are managing the IPO.<\/p>\n<p><img src='http:\/\/cache.thenewsroom.com\/financial_news_network\/2012\/03\/31\/1_6lkv21ha_thumb.jpg' \/><\/p>\n<p><!--post_img[http:\/\/cache.thenewsroom.com\/financial_news_network\/2012\/03\/31\/1_6lkv21ha_preview.jpg]--><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Arts and crafts retailer Michael&#8217;s has filed with the U.S. Securities and Exchange Commission for an initial public offering. Michaels Stores hopes to raise $500 million dollars and didn&#8217;t specify the number of shares it plans to sell. The amount is a placeholder used to calculate fees and may change.The arts and crafts retailer had &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2012\/03\/31\/michaels-stores-files-for-ipo-planning-to-raise-500-million\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Michael&#8217;s Stores Files for IPO, Planning to Raise $500 Million&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-28723","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/28723","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=28723"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/28723\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=28723"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=28723"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=28723"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}