DALLAS -- The Container Store Group, Inc. announced today that it has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission relating to a proposed initial public offering of shares of its common stock. The registration statement filed today, represents the Company's initial public filing pursuant to the provisions of the Jumpstart Our Business Startups (JOBS) Act of 2012. The common stock is expected to be listed on the New York Stock Exchange under the symbol "TCS." The number of shares to be offered and the price range for the offering have not yet been determined.

J.P. Morgan, Barclays, Credit Suisse, Morgan Stanley, BofA Merrill Lynch, Wells Fargo Securities and Jefferies are acting as joint book-running managers of the proposed offering, and Guggenheim Securities is acting as co-manager.

A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. The registration statement on Form S-1 may be accessed through the SEC's website at http://edgar.sec.gov.

The proposed offering of these securities will be made only by means of a prospectus. When available, copies of the preliminary prospectus relating to the offering may be obtained from the offices of: J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, or by calling toll-free at 1-866-803-9204; Barclays Capital Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, by telephone at (888) 603-5847 or by e-mail at Barclaysprospectus@broadridge.com; or Credit Suisse Securities (USA) LLC, One Madison Avenue, New York, NY 10014, Attention: Prospectus Department, or by telephone at 1-800-221-1037.

About The Container Store

The Container Store is the leading specialty retailer of storage and organizational products in the United States. The Container Store's employee-first culture has landed the retailer on FORTUNE Magazine's annual list of "100 Best Companies To Work For(R)" for the past 14 years.

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SOURCE: The Container Store Group, Inc.