initial public offerings (IPOs) trading on American exchanges

Wednesday, September 26, 2018

Lovesac (LOVE) began trading on the Nasdaq on 27 June 2018

Lovesac is a retailer that specializes in a patented modular furniture system called Sactionals. It also makes premium foam beanbag chairs called Sacs.
  • Sector: Consumer Cyclical
  • Industry: Home Furnishings & Fixtures
  • Full Time Employees: 198
  • Founded in 1998
  • Headquartered in Stamford, Connecticut.

Lovesac raised $56 million, pricing 3.5 million shares at an above range price of 16. Shares opened at 25 for a gain of 56% on its first trades. Lovesac shares closed at 23.99, up 49.9%.

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