Arhaus Prices IPO At $13/Share, Below Expected Range

Home furnishings retailer Arhaus Inc (NASDAQ:ARHS) has priced its initial public offering (IPO) of 12.9 million shares at $13.00 per share.
The company had expected to price the IPO at $14 -$17 earlier.
The underwriters will have a 30-day option to purchase up to an additional 1.9 million shares from the company.
The shares are expected to begin trading on the Nasdaq Global Select Market on Thursday, November 4, 2021, under the ticker symbol "ARHS."
The offering is expected to close on November 8, 2021, subject to customary closing conditions.
BofA Securities and Jefferies LLC are acting as joint lead book-running managers and as representatives for the proposed offering.