Cariloha, an omnichannel brand of bedding, clothing, and bath goods made from bamboo, filed on Friday with the SEC to raise up to $50 million in an initial public offering.
Cariloha is an omnichannel brand focused on sustainable bedding, clothing, and bath goods made of eco-friendly viscose-from-bamboo. The company markets and sells its products through its e-commerce channel, showrooms, and wholesale channel. As of September 30, 2021, its bedding category offered 184 SKUs priced from $25 to $2,900; its apparel category offered 6,959 SKUs priced from $10 to $89; and its bath category offered 39 SKUs priced from $24 to $120.
The Sandy, UT-based company was founded in 2007 and booked $49 million in sales for the 12 months ended September 30, 2021. It plans to list on the Nasdaq under the symbol ALOHA. Cariloha filed confidentially on November 16, 2021. Roth Capital is the sole bookrunner on the deal. No pricing terms were disclosed.
