Market Rumors: Drybar, Bojangles, Walgreen

By Chelsea Naso ( November 6, 2014, 1:49 PM EST) -- Drybar Holdings LLC, a chain of blowout-only hair salons with roots in California, has sold an $18.5 million stake to a group of investors and is mulling a potential initial public offering down the road, The Wall Street Journal reported Thursday. The fast-growing chain, which is expected to generate close to $50 million in revenue this year, is said to be valued at between $160 million and $200 million following the latest investment. Pine River Capital Management LP is said to have led the investment round, putting up $13.5 million....

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