Bob’s Discount Furniture Rises 0.1% After $331 Million IPO (1)

Bob’s Discount Furniture Inc., a home furnishings retailer backed by Bain Capital, rose 0.1% in its trading debut after the company raised $331 million in a US initial public offering.

The company’s shares closed Thursday at $17.02 each, just above its IPO price of $17, and ending its inaugural session with a market value of $2.2 billion based on the outstanding shares. The stock faded into the close, paring a gain of as much as 11%.

The Manchester, Connecticut-based company sold 19.45 million shares in its IPO, which priced at the bottom of a $17 to $19 range. ...