Shares of Restoration Hardware jumped in its first day of trading, as investors decided to take a bet on a familiar retail name and the gradual housing recovery. Shares rose $7.01 or 29.2 percent, to $31.01 in Friday afternoon trading on the New York stock exchange. The home decor retailer and its shareholders raised $124 million, selling 5.2 million shares for $24 each.
Unlimited access to BostonGlobe.com for only 99 cents for the first 4 weeks.Sign up
Are you a home delivery subscriber?
Get FREE access as part of your print subscriptionStart Here
Contact us for help