According to a Reuters report, At Home Stores is preparing for an initial public offering that could value the home décor chain at around $1 billion, including debt, unnamed sources in the report said.
The Plano, TX-based home décor retailer, owned by private equity firm AEA Investors LP, has reportedly picked Goldman Sachs Group Inc. and Bank of America Corp to lead a potential IPO that could come later this year, according to the report. Representatives for At Home, AEA Investors, Goldman Sachs and Bank of America declined to comment, the report said.
On its website, At Home noted that its stores average 120,000 square feet in size and offer approximately 50,000 items across product categories such as furniture, garden, home textiles, housewares, patio, rugs, seasonal décor, tabletop décor and wall décor. The retailer recently announced that it is expanding its housewares selection and is now carrying an Oxo household product assortment.
Founded in Garden Ridge, Texas, outside of San Antonio, in 1979, the chain was originally called Garden Ridge before converting to the At Home banner. At Home currently operates 88 stores across 24 states. The company recently opened its newest location in Olathe, KS.