DLA Piper represented Roth Capital Partners, LLC as the lead underwriter in the recently completed US$64.4 million initial public offering of The Lovesac Company (NASDAQ: LOVE). The Lovesac Company is a direct-to-consumer specialty furniture brand with 68 retail showrooms supporting its ecommerce delivery model. Lovesac's name comes from its original Durafoam filled bags called Sacs. Lovesac derives a majority of its current sales from its proprietary platform called Sactionals, a washable, changeable, reconfigurable, and shippable solution for large upholstered seating.
The DLA Piper team representing Roth Capital Partners was led by partner Steven Pidgeon (Phoenix), and included partners Sidney Burke (New York) and Christine Lehr (Raleigh); and associates David Hurst and Stephanie King (both Phoenix).