Micro-cap home furnishings e-tailer Goedeker's lowers range to $9 to $11 ahead of $10 million IPO
1847 Goedeker, which operates an e-commerce platform for appliances and home goods, lowered the proposed deal size for its upcoming IPO on Thursday.
The Ballwin, MO-based company now plans to raise $10 million by offering 1 million shares at a price range of $9 to $11. The company had previously filed to offer 1 million shares at a range of $14 to $16. At the midpoint of the revised range, 1847 Goedeker will raise -33% less in proceeds than previously anticipated and an enterprise value of $X.X billion.
1847 Goedeker was founded in 1951 and booked $45 million in sales for the 12 months ended March 31, 2020. It plans to list on the NYSE American under the symbol GOED. ThinkEquity is the sole bookrunner on the deal
The article Micro-cap home furnishings e-tailer Goedeker's lowers range to $9 to $11 ahead of $10 million IPO originally appeared on IPO investment manager Renaissance Capital's web site renaissancecapital.com.
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