Sealy IPO rakes in $448M

Thomas, Larry
April 2006
Furniture/Today;4/10/2006, Vol. 30 Issue 31, p4
Trade Publication
The article reports that bedding distributor, Sealy has raised a total of $448 million through its initial public offering of common stock on April 7, 2006 on the New York Stock Exchange. According to the company, half of the total expected net proceeds of $295 million will be used to repay debt. Also, $125 million has been allotted for the payment of special dividend to stockholders.


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