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Micro-cap furniture seller Lovesac prices upsized $56 million IPO at $16, above the range

June 27, 2018
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The Lovesac Company, which sells premium couches and beanbag chairs, raised $56 million by offering 3.5 million shares at $16. The company had been on file to raise $42 million by offering 3.3 million shares at a range of $13 to $15. The Lovesac Company plans to list on the Nasdaq under the symbol LOVE. Roth Capital acted as the sole bookrunner on the deal.