Bob's Discount Furniture Raises $330.7M in U.S. IPO

• Bob's has grown from a single Connecticut store in 1991 to over 200 showrooms nationwide, becoming one of the largest U.S. furniture chains
• The company has been under private equity ownership for two decades, with Bain Capital acquiring it in 2014 from KarpReilly and Apax Partners
• J.P. Morgan and Morgan Stanley serve as joint-lead book-running managers for the offering, which comes after years of limited IPO activity

Bob's Discount Furniture Raises $330.7M in U.S. IPO

Bob's Discount Furniture successfully completed its U.S. initial public offering on Wednesday, raising $330.7 million and marking a significant test of investor appetite for consumer-focused companies. The Bain Capital-backed furniture retailer sold approximately 19.5 million shares priced within its marketed range of $17 to $19 per share.

The IPO represents a notable exit opportunity for private equity firm Bain Capital, which acquired Bob's in 2014 from previous buyout firms KarpReilly and Apax Partners. The company has been under private equity ownership for two decades, reflecting the broader industry trend of extended private ownership periods due to a years-long IPO market slowdown.

Founded in 1991 as a small Connecticut store, Bob's has expanded into one of the largest U.S. furniture chains, operating over 200 showrooms nationwide. The company offers diverse home furnishings, including bedroom sets, dining room furniture, recliners, and accessories like table lamps.

The listing comes as private equity sponsors face a record backlog of portfolio companies awaiting public market debuts after years of subdued IPO activity. Bob's market performance will likely provide insights into investor sentiment toward the retail and consumer discretionary sectors.

The company will trade on the New York Stock Exchange under the ticker symbol "BOBS," with J.P. Morgan and Morgan Stanley serving as joint-lead book-running managers for the offering.

This IPO signals potential momentum for the broader IPO market in 2026, particularly for established consumer brands with substantial operational scale seeking to transition from private to public ownership.