Michaels Goes Public
June 27, 2014,
IRVING, Texas-The Michaels Cos. Inc. has launched its initial public offering of nearly 27.8 million shares of common stock, priced at $17 per share.
The shares are listed beginning today on the NASDAQ Global Select Market, and are being traded under the symbol MIK. Until today, the retailer's stock had not been publicly traded, although it did announce financial results for its fiscal quarters and fiscal years.