PE-Backed Bob’s Discount Furniture Raises $331 Million in US IPO

Bob’s Discount Furniture Inc., a home furnishings retailer backed by Bain Capital, raised $331 million in a US initial public offering that priced at the bottom of the marketed range.

The Manchester, Connecticut-based company sold 19.45 million shares for $17 each, according to a statement Wednesday. The shares were being offered for $17 to $19. Immediately after the completion of the offering, Bain-advised investment funds and affiliates will own roughly three-quarters of the outstanding common stock.

At the IPO price, Bob’s has a market value of $2.2 billion, based on the outstanding shares listed in the filing.

Bob’s ...