Bob’s Discount Furniture launches US IPO

Bob’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 “Selling Stockholder”. Bob’s Discount Furniture will not receive proceeds from that portion of the sale. The IPO price is expected to fall betw ...