Manchester-based Bob’s Discount Furniture could raise up to about $370 million in its initial public offering, according to updated federal filings, as the retailer both restructures its balance sheet and outlines plans to more than double its store base over the next decade.
In an amended registration statement with the U.S. Securities and Exchange Commission, the company said it plans to sell 19.45 million shares at an expected price of $17 to $19 per share on the New York Stock Exchange under the ticker “BOBS.” Underwriters may purchase up to about 2.9 million additional shares if demand is strong.
Bob’s estimates it would receive about $320.6 million in net proceeds at the midpoint price of $18 per share, after fees and expenses. The larger up to $370 million figure reflects the total value of shares that could be sold at the top of the proposed price range, including additional shares underwriters may purchase if demand is strong, before fees and expenses are deducted.
The company said it plans to use that money primarily to repay debt under its term loan, which had been used to fund a cash dividend to shareholders in October. Any remaining proceeds would go toward general corporate purposes.
The company will not receive proceeds from shares sold by existing shareholders.
Investment funds affiliated with majority owner Bain Capital are expected to retain roughly three-quarters of the company’s stock after the offering, allowing Bob’s to qualify as a “controlled company” under NYSE rules.
The company didn’t say when the IPO may occur.
Bob’s first filed to go public earlier this month but did not at that time disclose pricing or share counts.
Beyond the IPO, the retailer detailed significant growth ambitions. Bob’s operates 206 showrooms in 26 states, and in its filing said it believes its store model and unit economics support expanding its footprint to more than 500 stores by 2035, a target that would represent a dramatic increase in its national presence.
The company said most of its stores were profitable last year and that newer locations have generated strong returns, though expansion depends on market conditions, site availability and execution.
For the nine months ended Sept. 28, 2025, Bob’s reported $1.72 billion in net revenue, up from $1.43 billion a year earlier. Net income rose to $81 million, compared with $49 million in the prior-year period.
Founded in Connecticut in 1991 by Bob Kaufman, the company expanded nationally under private equity ownership over the past decade. It is led by President and CEO Bill Barton.
The IPO remains subject to market conditions and regulatory approval, the company said.
