How much money did Bob's Discount Furniture raise in its IPO?

Bob's Discount Furniture raised $330.7 million in its U.S. initial public offering.

What is the valuation of Bob's Discount Furniture after its IPO?

The IPO valued Bob's Discount Furniture at approximately $2.22 billion.

When was Bob's Discount Furniture founded and how many showrooms does it have?

Bob's Discount Furniture was founded in 1991 and now operates over 200 showrooms nationwide.

Home / Business and Economy / Bob's Discount Furniture IPO Raises $330M

Bob's Discount Furniture IPO Raises $330M

5 Feb

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Summary

Bob's Discount Furniture successfully raised $330.7 million in its IPO.
The furniture chain is valued at approximately $2.22 billion post-IPO.
Founded in 1991, Bob's Discount Furniture operates over 200 showrooms.

Bob's Discount Furniture IPO Raises $330M

Bob's Discount Furniture has secured $330.7 million through its recent U.S. initial public offering. The sale of approximately 19.5 million shares at $17 each positions the company for its market debut. This IPO values Bob's Discount Furniture at an estimated $2.22 billion.

The company's public offering is anticipated to build upon positive market momentum. Bob's, which began as a single store in Connecticut in 1991, has expanded to become a major U.S. furniture chain. It currently boasts over 200 showrooms across the country.

Under private equity ownership for two decades, Bob's was acquired by Bain Capital in 2014. J.P.Morgan and Morgan Stanley are serving as joint-lead book-running managers for this offering. The company is set to list on the NYSE under the ticker symbol "BOBS".

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