Arhaus Completes $167.7 Million IPO


Arhaus IPO


Arhaus, Inc. (“Arhaus” or “the Company”) (NASDAQ: ARHS), a portfolio company of Freeman Spogli & Co., recently completed an initial public offering of 12,903,226 shares of Class A common stock at a price of $13.00 per share, generating gross proceeds of approximately $167.7 million. In addition, the underwriters will have a 30-day option to purchase from the Company up to an additional 1,935,484 shares of its Class A common stock at the initial public offering price, less any underwriting discounts and commissions. Arhaus intends to use the net proceeds from the offering to pay its term loan exit fee and for general corporate purposes.

Baird served as a bookrunner on this offering.


Arhaus is a rapidly growing lifestyle brand and omni-channel retailer of premium home furnishings. The Company offers a differentiated direct-to-consumer approach to furniture and décor, through which it sells artisan-quality products that embodies its emphasis on livable luxury. Arhaus’ products, designed to be used and enjoyed throughout the home, are sourced directly from factories and suppliers with no wholesale or dealer markup, allowing the Company to offer an exclusive assortment with an attractive value. The Company is a national omni-channel retailer with 75 Showrooms, including three Outlet stores, across 27 states and compete in the attractive premium home furnishings market, which the Company believes is the portion of the market with higher than industry average merchandise price points and quality. Arhaus is headquartered in Boston Heights, Ohio.

Freeman Spogli & Co. is a private equity firm dedicated exclusively to investing in and partnering with management in consumer and distribution companies in the United States. Since its founding in 1983, Freeman Spogli has invested over $5.1 billion in 66 portfolio companies with an aggregate transaction value of over $25 billion, and is currently making investments from FS Equity Partners VIII, L.P. Freeman Spogli has offices in Los Angeles and New York.

Arhaus IPO

November 2021
Arhaus, Inc.
Equity Capital Markets
Household Products
Target Location
North America