rue21, a value-focused teen fashion retailer with over 500 stores in 43 states, raised $129 million on Thursday by offering 6.8 million shares at $19, 12% above the midpoint of the proposed $16-$18 range. rue21 plans to begin trading Friday on the NASDAQ under the symbol RUE. BofA Merrill Lynch, Goldman Sachs, and J.P. Morgan acted as lead managers on the deal.
