Arhaus, Inc.

Arhaus, Inc. (ARHS) priced its initial public offering on Nov 5, 2021 at $13.00 per share, below its $14.00–$17.00 range, raising $167.7M, and listed on Nasdaq Global Select. At the IPO price its market capitalization was about $1.82B. BofA Securities was lead-left underwriter, joined by Jefferies, Morgan Stanley and Piper Sandler and others. BakerHostetler advised the company and Latham & Watkins advised the underwriters.

Arhaus, Inc. is a lifestyle brand and omni-channel retailer of premium home furnishings, selling furniture and decor directly to consumers. Its artisan-quality products are sourced directly from factories and suppliers, and it also operates outlet stores.

Status

IPO

Ticker

ARHS

Exchange

Nasdaq Global Select

Priced

Nov 5, 2021

IPO price

$13.00

Price range

$14.00–$17.00

Raised

$167.7M

Market cap at IPO price

$1.82B

First filed

Oct 4, 2021

Underwriters

BofA Securities, Jefferies, Morgan Stanley, Piper Sandler, Baird, Barclays, Guggenheim, William Blair, Telsey, Academy Securities, Drexel Hamilton and Ramirez & Co.

Company counsel

BakerHostetler

Underwriters' counsel

Latham & Watkins

Sector

Consumer

Country / state

OH

Market cap at IPO price = shares outstanding after the offering (all classes, before the over-allotment option) × the IPO price, from the final prospectus.