(Bloomberg) – Solo Stove, manufacturer of fire pits for apartments, is planning an IPO this year, according to experts.
The company has asked potential consultants to apply for a role in the listing, people said, asking not to be identified if sensitive information was being discussed. Solo Stove could be valued at more than $ 1 billion on any IPO, people said.
So-called stay-at-home trading has sparked multiple homeware offers as sales soared during the coronavirus pandemic. Grill makers Traeger and Weber Inc. and grill retailer BBQGuys are all planning their launches in the public market, reported Bloomberg News.
Solo Stove’s chief executive officer, John Merris, declined to comment.
The private equity firm Bertram Capital invested in Solo Stove in 2019 for an undisclosed amount, according to a statement made at the time. The company’s supporters also include Summit Partners.
Solo Stove, based in Southlake, Texas, makes smoke free fireplaces, grills, and accessories, according to its website. It also sells baseball caps and t-shirts with the company’s name and logo on it.
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