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April 22, 2020, 2:54 p.m. EDT

Online home furnishings seller 1847 Goedeker files for IPO

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By Tomi Kilgore

Online home furnishings seller 1847 Goedeker Inc. has filed Wednesday for an initial public offering of common stock. The Missouri-based company did not yet provide details for how many shares it planned to offer, or what exchange it will apply to for its listing, just that the ticker symbol would be "GOED." Fordman Financial Management's ThinkEquity will be the underwriter. The company said it recorded total net losses of $2.5 million on total sales of $47.6 million in 2019, after recording net income of $2.0 million on sales of $56.3 million in 2018. The company is looking to go public at a time that the Renaissance IPO ETF /zigman2/quotes/207665280/composite IPO +4.48% has slipped 4.8% year to date and the S&P 500 /zigman2/quotes/210599714/realtime SPX +1.49% has dropped 13.1%.

/zigman2/quotes/207665280/composite
US : U.S.: NYSE Arca
$ 56.45
+2.42 +4.48%
Volume: 151,964
May 14, 2021 4:00p
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/zigman2/quotes/210599714/realtime
US : S&P US
4,173.85
+61.35 +1.49%
Volume: 1.91B
May 14, 2021 5:02p
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