Container Store to Go Public

The Container Store Group Inc. (Coppell, Texas), has filed for an initial public offering. The 62-store storage products retailer hopes to raise up to $200 million.

The 35-year-old retail chain said it plans to use the proceeds of the offering to pay a dividend to holders of its senior preferred stock and to repay debt.

In its last fiscal year, ending March 2, 2013, net sales grew 11.5 percent to $706.7 million and net loss narrowed to $130,000 from $30.7 million.