Budget furniture retailer Bob’s Discount Furniture files for an estimated $400 million IPO
February 5, 2026 News
Budget furniture retailer Bob’s Discount Furniture prices IPO at $17, the low end of the range
Bob’s Discount Furniture, a budget retailer of furniture and bedding, raised $331 million by offering 19.5 million shares at $17, the low end of the range of $17 to $19. At the pricing, the company has a market value of $1.3 billion.
January 26, 2026 News
Budget furniture retailer Bob’s Discount Furniture sets terms for $350 million IPO
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.
IPO Overview
Bob’s Discount Furniture, a budget retailer of furniture and bedding, filed on Friday with the SEC to raise what we estimate could be up to $400 million in an initial public offering.
Bobs 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. Bobs offers an assortment of furniture through a Good, Better, Best pricing strategy, maintaining an average order value of approximately $1,400 per transaction, 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.
The Manchester, CT-based company was founded in 1991 and booked $2.3 billion in revenue for the 12 months ended September 30, 2025. It plans to list on the NYSE under the symbol BOBS. Bob’s Discount Furniture filed confidentially on September 19, 2025. 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. No pricing terms were disclosed.
About the Company
Bob’s Discount Furniture is a rapidly growing, nationally proven omnichannel retailer of value home furnishings with 206 showrooms as of September 28, 2025 across 26 U.S. states. Since our founding in 1991, we have built our ethos as a trusted and reliable brand offering superior value and service, without compromising on quality or style. Our business model is anchored in delivering furniture at “Everyday Low Prices,” which we estimate results in our prices being on average approximately 10% below our value-oriented furniture competitors’ lowest promoted prices, which we estimate is equivalent to approximately 20-25% below their listed prices. At the heart of Bob’s success is not just the value of our furniture, but the team members who bring our promise to life every day. From showroom to living room, it’s our people who make Bob’s feel like home. Our value proposition is made possible by our curated merchandising strategy, longstanding sourcing relationships and efficient supply chain. Our merchants target an assortment of products that is narrow and deep, which allows us to drive innovation and cost efficiency. Based on internal estimates, we believe our SKU counts are approximately one-third narrower than our value-oriented furniture competitors. Products are also tailored based on proven market trends and customer demand.