Bob's Discount Furniture, backed by private equity firm Bain Capital, is pursuing a $2.48 billion valuation in an upcoming U.S. initial public offering (IPO).

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The discount furniture store is offering 19.45 million shares of the stock with the price expected to fall between $17 and 19 per share, according to SEC filings. The company has filed to trade on the New York Stock Exchange under the ticker symbol “BOBS.”

Bain Capital has owned the furniture store since 2014, acquiring it from KarpReilly and Apax Partners.

Bob's currently has 200 showrooms nationwide and is one of the largest furniture retailers in the U.S. The Connecticut-based retailer plans to expand its store base in both existing and new geographies, with goals to expand to 500 stores by 2035. 

The home furnishings industry is "sensitive to interest rates and housing activity," the filing stated.

"As interest rates and inflation normalize, housing turnover and new residential construction are expected to accelerate, creating a favorable demand backdrop. Bob's has proven its ability to outperform industry benchmarks even through recent headwinds, underscoring the durability of our model and positioning us to capture incremental upside as conditions improve," the filing continued.

Despite inflation and the increased tariff activity, Bob’s has remained profitable, seeing 10.5% sales growth over nine months. This was driven primarily by the retail segment, the documents show.

Bain Capital invests across asset classes, including credit, public equity and venture capital, and has $215 billion in assets under management firm-wide as of Sept. 30, 2025. Bain is also invested in other consumer brands such as Fogo De Chao, Canada Goose, Sizzling Platter, Dealer Tire and more.

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