Bob’s Discount Furniture is seeking a valuation of up to $2.48 billion in a planned U.S. initial public offering, testing investor appetite for consumer-facing companies as IPO markets show signs of reopening.
The Manchester, Connecticut-based home furnishings retailer said on Monday it aims to raise up to $369.6 million by offering 19.45 million shares priced between $17 and $19 each.
The company is backed by private equity firm Bain Capital.
Retail and consumer goods IPO activity is expected to rebound in 2026 after sweeping U.S. tariffs weighed on listings last year.
Bob’s offering comes alongside new U.S. roadshows launched this week by children’s food company Once Upon a Farm and electrical equipment maker Forgent Power.
Founded in 1991 as a single Connecticut store, Bob’s has grown into one of the largest furniture chains in the U.S., operating more than 200 showrooms nationwide.
The retailer sells a broad assortment of home furnishings, including bedroom and dining sets, recliners and home décor.
While the company is profitable and has posted strong growth, it remains exposed to tariffs due to its reliance on overseas manufacturing.
Bob’s shifted key production out of China by the end of fiscal 2024, with Vietnam now among its major sourcing markets.
Bain Capital acquired Bob’s in 2014 from buyout firms KarpReilly and Apax Partners. J.P. Morgan and Morgan Stanley are serving as joint lead bookrunners.
The company plans to list on the New York Stock Exchange under the ticker symbol BOBS.
Click here to sign up to Retail Gazette‘s free daily email newsletter
