Bob's Discount Furniture aims for $2.48 billion valuation in IPO

Investing.com -- Bob’s Discount Furniture is targeting a valuation of up to $2.48 billion in its U.S. initial public offering, the Bain Capital-backed company announced Monday.

The Manchester, Connecticut-based home furnishings retailer plans to raise up to $369.6 million by offering 19.45 million shares priced between $17 and $19 each.

Bob’s Discount Furniture will list on the New York Stock Exchange under the ticker symbol "BOBS". J.P. Morgan, Morgan Stanley, RBC Capital Markets, and UBS Securities are serving as joint book-running managers for the offering.

The company, which opened its first store in 1991, currently operates 209 stores across 24 U.S. states, primarily in the Northeast, Mid-Atlantic, Midwest, and West Coast regions. This represents an increase from 189 stores at the end of 2024.

Bob’s Discount Furniture expects net revenues between $646 million and $648 million for the three-month fiscal period ended December 28, 2025, and approximately $2.4 billion for the full fiscal year 2025. These figures represent increases of 7.9% and 16.7% respectively from the prior year periods at the midpoint of the range.

The company attributes its revenue growth primarily to comparable sales growth and income from new store openings. Looking ahead, Bob’s Discount Furniture said it is well-positioned to expand its store base to more than 500 locations in its existing format by 2035.

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