Bob's Discount Furniture, a budget retailer of furniture and bedding, announced terms for its IPO on Monday.
The Manchester, CT-based company plans to raise $350 million by offering 19.5 million shares at a price range of $17 to $19. At the midpoint of the proposed range, Bob's Discount Furniture would command a fully diluted market value of $2.4 billion.
Bob's Discount Furniture operates as a national omnichannel retailer of value home furnishings, managing 206 showrooms across 26 US states as of September 28, 2025. During the Fiscal Year 2024, 61% of its revenue came from New England, New York, and the Mid Atlantic region. Bob's offers an assortment of furniture through a Good, Better, Best pricing strategy, maintaining an average order value of approximately $1,400 per transaction, excluding outlets, with most deliveries completed in as few as three days via five distribution centers and 46 third-party regional depots. Additionally, it serves a customer base of 2.9 million active users as of December 28, 2025, with 73% of in-store customers engaging across multiple channels in fiscal year 2025.
Bob's Discount Furniture was founded in 1991 and booked $2.3 billion in sales for the 12 months ended September 30, 2025. It plans to list on the NYSE under the symbol BOBS. J.P. Morgan, Morgan Stanley, RBC Capital Markets, UBS Investment Bank, BofA Securities, Evercore ISI, and Goldman Sachs are the joint bookrunners on the deal. It is expected to price during the week of February 2, 2026.
