The Lovesac Company, which sells premium couches and beanbag chairs, filed on Friday with the SEC to raise up to $40 million in an initial public offering.
The Stamford, CT-based company was founded in 1998 and booked $102 million in sales for the 12 months ended February 4, 2018. It plans to list on the Nasdaq under the symbol LOVE. The Lovesac Company filed confidentially on December 20, 2017. Roth Capital is the sole bookrunner on the deal. No pricing terms were disclosed.
