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HARTFORDBUSINESS.COM | FEBRUARY 23, 2026 3 BIZ BRIE FS Bob's Discount Furniture rings the opening bell at the New York Stock Exchange to celebrate its IPO. Contributed Photo | NYSE Furniture began trading on the New York Stock Exchange following a $330.7 million initial public offering. Shares were priced at $17, at the low end of the projected range, and trade under the ticker symbol "BOBS." The company said IPO proceeds will be used primarily to repay long-term debt, leaving the retailer with no long-term debt as a public company. Investment funds affiliated with Bain Capital retain a controlling stake. Bob's operates 206 stores across the U.S. and employs roughly 5,800 people, including nearly 1,000 in Connecticut, where the company is head- quartered and maintains its executive offices. Veradermics' IPO raises $256M in stellar NYSE debut New Haven-based Veradermics Inc. raised $256.3 million in gross proceeds from its initial public offering, exceeding earlier expectations as shares surged in their New York Stock Exchange debut. The company priced its IPO at $17 per share, above the marketed range, and the stock closed its first trading day at $37.75 — a gain of 122%. Veradermics, which is developing an oral treatment for hair loss, achieved an implied market capitalization of roughly $1.3 billion. The offering drew strong investor demand, including from institutional backers. Proceeds are expected to support late-stage development and potential commercializa- tion of its lead candidate, an extended-re- lease formulation of minoxidil. enhanced internal controls and reten- tion of an outside consultant. An independent audit and member account verification are also required. The consent order resolves the matter without admission of wrongdoing. Jordan's Furniture makes a March Madness sales bet on UConn Jordan's Furniture is tying a new sales promotion to the performance of UConn's men's and women's basketball teams. Under the retailer's "Play in the Finals 2026" campaign, customers who purchase furniture between Jan. 20 and Feb. 16 will receive their items free if both teams play in their respec- tive NCAA championship games. The teams do not need to win. Jordan's operates Connecticut stores in New Haven and Farmington. The offer excludes clearance-center purchases and service items. Such promotions are designed to drive short-term sales, with retailers typically managing financial exposure through restrictions and promotional insurance. The NCAA Final Fours are scheduled for early April. Bob's Discount Furniture begins trading after $331M IPO Manchester-based Bob's Discount Arvinas, a clinical-stage biotech focused on cancer therapies, said Teel's leadership will guide upcoming development milestones. State banking regulators cite governance, compliance failures at CT credit union Trumbull Credit Union, a Fairfield County lender with $3.1 million in assets and roughly 437 members, has entered into a consent order with the Connecticut Department of Banking following a regulatory exam that cited governance, recordkeeping and compliance deficiencies. Regulators alleged the credit union failed to maintain accurate books, hold required board meetings and conduct key Bank Secrecy Act audits. The order mandates stronger board oversight, creation of a supervisory committee, Arvinas Inc. CEO Randy Teel.