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Oct. 27, 2021, 2:53 p.m. EDT

Arhaus sets IPO terms as profitable home furnishings retailer could be valued at up to $2.4 billion

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By Tomi Kilgore

Arhaus Inc. /zigman2/quotes/230666270/composite ARHS -9.40% has set the terms for its initial public offering, in which the profitable Ohio-based premium home furnishings retailer could be valued at up to $2.38 billion. The company could raise up to $219.4 million, as it is offering 12.9 million Class A shares in the IPO, which is expected to price between $14 and $17 a share. Selling shareholders are offering 10.0 million shares in the IPO, as they look to raise up to $170.0 million. The company expects to have a total of 140.06 million shares outstanding after the IPO, including 57.34 million Class A shares and 82.72 million Class B shares. The Class A shares are expected to list on the Nasdaq under the ticker symbol "ARHS." BofA Securities and Jefferies are the lead underwriters. The company recorded net income of $16.2 million on revenue of $355.4 million during the six months ended June 30, after income of $10.7 million on revenue of $224.1 million in the same period a year ago. The company is looking to go public at a time that the Renaissance IPO ETF /zigman2/quotes/207665280/composite IPO -6.64% has rallied 10.7% over the past three months while the S&P 500 /zigman2/quotes/210599714/realtime SPX -1.40% has gained 4.0%.

US : U.S.: Nasdaq
$ 5.40
-0.56 -9.40%
Volume: 341,626
May 24, 2022 2:43p
P/E Ratio
Dividend Yield
Market Cap
$831.22 million
Rev. per Employee
US : U.S.: NYSE Arca
$ 28.14
-2.00 -6.64%
Volume: 58,344
May 24, 2022 2:42p
-55.60 -1.40%
Volume: 1.56B
May 24, 2022 2:47p

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