Australia markets close in 58 minutes
  • ALL ORDS

    7,643.30
    +80.80 (+1.07%)
     
  • ASX 200

    7,313.10
    +73.30 (+1.01%)
     
  • AUD/USD

    0.7147
    +0.0004 (+0.06%)
     
  • OIL

    70.74
    +0.79 (+1.13%)
     
  • GOLD

    1,789.90
    +4.70 (+0.26%)
     
  • BTC-AUD

    80,129.12
    -718.98 (-0.89%)
     
  • CMC Crypto 200

    1,445.32
    +16.39 (+1.15%)
     
  • AUD/EUR

    0.6322
    0.0000 (0.00%)
     
  • AUD/NZD

    1.0462
    +0.0001 (+0.01%)
     
  • NZX 50

    12,735.54
    +203.88 (+1.63%)
     
  • NASDAQ

    16,399.24
    +373.66 (+2.33%)
     
  • FTSE

    7,109.95
    +65.92 (+0.94%)
     
  • Dow Jones

    35,135.94
    +236.60 (+0.68%)
     
  • DAX

    15,280.86
    +23.82 (+0.16%)
     
  • Hang Seng

    23,584.14
    -268.10 (-1.12%)
     
  • NIKKEI 225

    28,464.08
    +180.16 (+0.64%)
     

Arhaus Announces Launch of Initial Public Offering

·3-min read

BOSTON HEIGHTS, Ohio, October 27, 2021--(BUSINESS WIRE)--Arhaus, Inc. ("Arhaus"), a rapidly growing lifestyle brand and omni-channel retailer of premium home furnishings, today announced the launch of its initial public offering of 22,903,226 of its Class A common stock. The offering consists of 12,903,226 shares of Class A common stock offered by Arhaus and 10,000,000 shares of Class A common stock to be sold by certain of Arhaus’ existing stockholders, including members of Arhaus’ senior management. The underwriters will have a 30-day option to purchase from the selling stockholders up to an additional 3,435,484 shares of their Class A common stock at the initial public offering price, less underwriting discounts and commissions. Arhaus will not receive any proceeds from the sale of shares of Class A common stock by the selling stockholders. The initial public offering price is currently expected to be between $14.00 and $17.00 per share. Arhaus intends to list its Class A common stock on the Nasdaq Global Select Market under the ticker symbol "ARHS."

BofA Securities and Jefferies LLC are acting as joint lead book-running managers and as representatives for the proposed offering. Morgan Stanley and Piper Sandler & Co. are acting as active book-running managers for the proposed offering. Baird, Barclays, Guggenheim Securities, William Blair and Telsey Advisory Group are acting as book-running managers for the proposed offering. Academy Securities, Drexel Hamilton, Ramirez & Co., Inc. and Siebert Williams Shank are acting as co-managers for the proposed offering.

The proposed offering will be made only by means of a prospectus. Copies of the preliminary prospectus included therein relating to the proposed offering, when available, may be obtained from BofA Securities, Attn: Prospectus Department, NC1-004-03-43, 200 North College Street, 3rd floor, Charlotte NC 28255-0001, or by email at dg.prospectus_requests@bofa.com; Jefferies LLC, Attn: Equity Syndicate Prospectus Department, 520 Madison Avenue, 2nd Floor, New York, NY 10022, by telephone at (877) 821-7388, or by email at prospectus_department@jefferies.com; Morgan Stanley & Co. LLC, Attn: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014; or Piper Sandler & Co., Prospectus Department, 800 Nicollet Mall, J12S03, Minneapolis, MN 55402, by telephone at (800) 747-3924, or by email at prospectus@psc.com.

A registration statement on Form S-1 relating to the proposed offering has been filed with the SEC but has not yet become effective. These securities may not be sold, nor may offers to buy be accepted, prior to the time the registration statement becomes effective.

This press release does not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. The offering is subject to market conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering.

About Arhaus

Founded in 1986, Arhaus is a rapidly growing lifestyle brand and omni-channel retailer of premium home furnishings. Through a differentiated proprietary model that directly designs and sources products from leading manufacturers and artisans around the world, Arhaus offers an exclusive assortment of heirloom quality products that are sustainably sourced, lovingly made, and built to last. With more than 75 showroom and design center locations across the United States, a team of interior designers providing complimentary in-home design services, and robust online and ecommerce capabilities, Arhaus is known for innovative design, responsible sourcing, and customer service.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211027006004/en/

Contacts

Media Contact:
Julia Young, ICR
ArhausPR@icrinc.com

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting