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The Lovesac Company Priced, Nasdaq: LOVE

Sells premium couches and beanbag chairs.

Industry: Consumer Discretionary

First Day Return: +49.9%

Industry: Consumer Discretionary

We are a technology driven, omni-channel company that designs, manufactures and sells unique, high quality furniture comprised of modular couches called Sactionals (71% of FY18 sales) and premium foam beanbag chairs called Sacs (29%). Sacs range in price from $350 to $1,300; Sactionals retail at about $2,000 for 2-seat couch. We market and sell our products through modern and efficient showrooms and, increasingly, through online sales (18.5% of FY18 sales, up from 16.1%). We believe that our ecommerce centric approach, coupled with our ability to deliver our large upholstered products through nationwide express couriers, are unique to the furniture industry. We estimate that 32% of our customers in fiscal 2018 were repeat customers. We currently market and sell our products through 66 showrooms at top tier malls and lifestyle centers in 29 states in the U.S.
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IPO Data
IPO File Date 04/20/2018
Offer Price $16.00
Price Range $13.00 - $15.00
Offer Shares (mm) 3.5
Deal Size ($mm) $56
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 06/26/2018
Offer Price IPO Intelligence Only
Price Range IPO Intelligence Only
Offer Shares (mm) IPO Intelligence Only
Deal Size ($mm) $56
Lock-Up Date IPO Intelligence Only
Street Research IPO Intelligence Only
Underwriters
IPO Intelligence Only
Company Data
Headquarters Stamford, CT, United States
Founded 1998
Employees at IPO 441
Website www.lovesac.com

The Lovesac Company (LOVE) Performance