J.Crew IPO

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So the J.Crew initial public offering priced at $20 a share. The 18.8 million offering, which represents about a 33 percent stake, should raise about $376 million and give the company an initial market capitalization of more than $1.1 billion.
We're told by a source that after Goldman Sachs closed the books Monday night there was consideration that the price might even get pushed up to $21 due to strong interest in the stock. The $20 share price is significantly higher than the $15 to $17 forecast earlier.

J. Crew prices IPO at $20, above forecast
[Reuters]

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