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

  • Home furnishings retailer Arhaus Inc 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.
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