Furniture company Arhaus has gone public with an IPO downsized from its original offering. While the company’s expected share price range was between $14 and $17, Arhaus went public with a share price of $13.
They also cut the size of their offer by 44%. Initially planning to sell 22.9 million shares, they ended up settling on 12.90.
While the company sold its expected 12.90 million shares of Class A common stock, raising $167.7 million in the process, the selling shareholders didn’t manage to sell their expected 10 million.
Backed by Freemen Spogli & Co., the deal’s lead underwriters were BofA Securities and Jefferies LLC.
Debut
Arhaus made its debut on the NASDAQ Global Select Market on Thursday 4th November, under the ticker ARHS. Opening slightly above its in...
