Arhaus (ARHS) IPO Opens Modestly Lower

Today's IPO for Arhaus, Inc. (NASDAQ: ARHS) opened for trading at $12.50 after pricing 12,903,226 shares of its Class A common stock at a price of $13.00 per share.

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.

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.

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