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MarketWatch

Arhaus stock debuts 3.8% below its downsized IPO’s price, then turns higher

Shares of Arhaus Inc. received a mixed reaction in its Wall Street debut, as the stock opened 3.8% below the initial public offering price, then quickly rose above it. The Ohio-based premium home furnishings retailer’s downsized IPO priced at $13 a share, below the expected range, as the company raised $167.7 million. The stock’s first trade was at $12.50 at 11:17 a.m. Eastern for 1.1 million shares. At that price, the company was valued at about $1.75 billion. The stock has bounced since then,