MANCHESTER, CT — Connecticut-based furniture retailer Bob’s Discount Furniture has officially become a publicly traded company following its initial public offering on the New York Stock Exchange earlier this month, marking a major milestone for the brand and its continued expansion. 

The company’s shares began trading under the ticker symbol BOBS, opening at $17 per share and closing its first day at approximately $17.02, giving the business a market valuation of about $2.2 billion.

Founded in 1991 in Newington, Bob’s has grown from its Connecticut roots into a national furniture retailer with more than 200 showrooms across 26 states, including multiple locations throughout Connecticut.



Company leadership has indicated that the IPO is expected to support future growth and help the company build on decades of expansion. Long-term plans include continued store openings, with ambitions to significantly increase its national footprint in the years ahead.

Bob’s will remain headquartered in Manchester, maintaining Connecticut as a central part of its operations. In addition to its flagship presence in Manchester, the company operates showrooms in Bridgeport, Brookfield, Newington, New London, Norwalk, Orange, Southington and other Connecticut markets.

The public offering positions Bob’s as one of Connecticut’s largest publicly traded retail brands and reinforces the state’s continued presence in the home furnishings industry.

This summary is based on reporting originally published by CT Insider. Readers can view the full original article on CT Insider’s website for additional details.