Mattress Firm files for IPO

Mattress Firm files for IPO

Texas-based Mattress Firm Group Inc. has filed for an initial public offering, vying to become the latest retailer to return to public markets after a bankruptcy.

The company has filed to sell $100 million worth of shares, according to a filing late Friday, although that figure is often a placeholder used to calculate fees. The specialty retailer filed a confidential draft registration statement with securities regulators in September.

See also: The record-breaking IPO market in 2021 masked some problems under the hood

“The sleep industry is large, growing and resilient,” Mattress Firm said in its prospectus, claiming a market share of around 20%.

It listed revenue of $4.4 billion in fiscal 2021, from $3.3 billion the year before. It swung to a net loss of $165.1 million last year, however, from a profit of $126 million in fiscal 2020.

Total liabilities reached $3.5…

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