Jan 27, 2026 (MarketLine via COMTEX) --
The IPO price is expected to fall between $17 and $19 per share.
BobaEUR(TM)s Discount Furniture has filed for a US initial public offering (IPO), proposing to sell 19.45 million shares after submitting registration documents to the Securities and Exchange Commission (SEC).
The American retailer said underwriters will hold a 30-day option to acquire up to an additional 2.91 million shares from an existing investor, described as the aEURoeSelling StockholderaEUR.
BobaEUR(TM)s Discount Furniture will not receive proceeds from that portion of the sale.
The IPO price is expected to fall between $17 and $19 per share.
The group has applied to trade on the New York Stock Exchange under the ticker symbol aEURoeBOBSaEUR.
JP Morgan Securities and Morgan Stanley are acting as joint-lead book-running managers, alongside RBC Capital Markets and UBS Securities as book-running managers.
BofA Securities, Evercore Group and Goldman Sachs are also serving as bookrunners.
Baird, KeyBanc Capital Markets, Raymond James & Associates, AmeriVet Securities, Loop Capital Markets, R Seelaus & Co and Samuel A. Ramirez & Company have been appointed co-managers.
The company stated that the proposed offering will only be made via a prospectus, adding that its SEC filing has not yet become effective and that securities cannot be sold, nor offers accepted, until that process is complete.
In documents submitted earlier this month, BobaEUR(TM)s outlined stronger trading in the first nine months of fiscal 2025.
Revenue for the period to 28 September 2025 rose 20% year-on-year to $1.71bn while net income increased 64% to $80.6m.
A year earlier, revenue totalled $1.42bn and net income reached $49.3m.
The filing also drew attention to tariff exposure, noting that most merchandise is sourced overseas and that Vietnam represented almost 63% of product cost volume.
Despite inflationary conditions and tariff-related pressures across the home furnishings market, the retailer reported comparable sales growth of 10.5% over the nine months, driven by its retail channel.
Its store estate expanded 11.4% year-on-year to 206 outlets as of 28 September 2025.
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