Bob’s Discount Furniture Seeks $370 Million in Initial Public Offering
A Bob's Discount Furniture store in Burbank, California.
Photographer: Alisha Jucevic/BloombergBob’s Discount Furniture Inc., a home furnishings retailer backed by Bain Capital, is seeking to raise as much as $370 million in a US initial public offering.
The Manchester, Connecticut-based company plans to offer 19.45 million shares for $17 to $19 apiece, according to a filing Monday with the US Securities and Exchange Commission. Immediately after the completion of the offering, Bain-advised investment funds and affiliates will own roughly three-quarters of the outstanding common stock.