Bob’s Discount Furniture is eyeing up to a $2.48 billion valuation in its initial public offering, according to a Monday filing.
The company is looking to raise up to $369.6 million by offering 19.45 million shares of its common stock, priced between $17 and $19 per share.
Bob’s Discount Furniture earlier this month filed for an IPO seeking to pay off debt. As of the filing, the company had $350 million in debt under a term loan credit agreement it entered into at the end of October.
In the 12-month period ending Sept. 28, the company made $2 billion in revenue and $119 million in net income.
Bob’s Discount Furniture’s initial public offering comes amid a slower period for IPOs. The market saw a wave of IPO filings in 2021, including from Joann and Allbirds. But the market has shifted in recent years: In 2024, Retail Dive tracked only one major retail IPO — Amer Sports — and last year saw none.
Bob’s is also prepping its public market debut as the home sector continues to face softer demand after experiencing highs during the early days of the pandemic. Last year, At Home and Value City Furniture’s parent company both filed for bankruptcy.
