Bob’s Discount Furniture is targeting a $2.48 billion valuation in its U.S. initial public offering. The Bain Capital-backed retailer plans to raise up to $369.6 million by selling 19.45 million shares priced between $17 and $19 each. The company will list on the New York Stock Exchange under the ticker BOBS.

J.P. Morgan, Morgan Stanley, RBC Capital Markets, and UBS Securities are the joint book-running managers. The home furnishings chain, founded in 1991, operates 209 stores across 24 states. It expects fiscal 2025 revenue to reach approximately $2.4 billion, a 16.7% increase from the prior year, driven by comparable sales and new store openings.

This IPO comes as the retail sector watches for consumer spending trends. Bob’s plans to expand its footprint to over 500 locations by 2035, signaling long-term growth ambitions. Investors will assess its performance against broader market conditions and the company’s ability to scale profitably in a competitive landscape.