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J.Crew prices IPO at $20, well above proposed range

June 27, 2006
JCG

J.Crew, the well-known retailer that offers branded apparel and accessories via 166 retail and 45 factory stores nationwide, priced its highly anticipated 18.8 million share offering at $20, a 25% premium to the midpoint of its proposed $15 to $17 range, on Tuesday night. Goldman Sachs and Bear Stearns were the joint book runners on the deal. The stock is expected to begin trading on the NYSE under the ticker JCG on Wednesday.