Bain Capital-backed American furniture retailer Bob's Discount Furniture Inc. is seeking to raise up to approximately $370 million through a U.S. initial public offering (IPO), amid a continuing surge in listings by private equity-backed companies. According to a filing submitted by the company to the U.S. Securities and Exchange Commission (SEC) on Monday, Manchester, Connecticut-based Bob's plans to issue 19.45 million shares, priced between $17 and $19 per share. If priced at the top of the range, the IPO would value the company at approximately $2.5 billion. The filing indicates that following the IPO's completion, investment funds managed by Bain Capital Advisors and their affiliates are expected to hold about three-quarters of the company's outstanding common stock, maintaining a controlling stake. Bob's listing joins a wave of portfolio companies owned by private equity firms rushing to the capital markets. Previously, Blackstone-backed compressor manufacturer Copeland confidentially filed for a listing, while AE Industrial Partners' York Space Systems is also seeking to raise up to $544 million via an IPO. However, the IPO environment for consumer-facing companies remains challenging. Concerns about the resilience of U.S. consumers, tariff policies from the Trump administration, and elevated interest rates continue to suppress listing enthusiasm in consumer-facing industries like retailers and apparel brands, causing their performance to lag behind other sectors. Bob's currently operates more than 200 stores across 26 U.S. states and plans to expand its store count to over 500 by 2035. Bain Capital acquired the company from Apax Partners and KarpReilly at the end of 2013. Founded in 1991, Bob's core strategy is "discount furniture retail," selling furniture products at prices lower than other discount competitors, targeting the mass consumer market. Financially, for the nine months ended September 28, the company reported adjusted EBITDA of $164 million, with comparable store sales growth nearing 11%. During the same period, the company achieved a net profit of $80.7 million on revenue of $1.72 billion, higher than the net profit of $49.3 million and revenue of $1.43 billion in the prior-year period. The IPO's lead underwriters are J.P. Morgan, Morgan Stanley, Royal Bank of Canada, and UBS Group AG. The company's shares are expected to list on the New York Stock Exchange under the ticker symbol "BOBS."