DFS (the Sofa Co) IPO

A question about : DFS (the Sofa Co) IPO

DFS has annouced an IPO, due to list in March.

Does anyone have any views on whether this is worth a punt?

I'm undecided at the moment, don't know much about the sofa business.

https://www.thisismoney.co.uk/money/m...able-part.html

Best answers:

• May be for coach potatoes.
• The consolidated balance sheet suggests a good cash cushion
• It's an investment I'd feel comfortable with
• Any springs in those cushions?
• Dividends obtained by sticking your hand down behind the cushions
• Yeah but, the dividends will be paid over four years, interest free.
• Did you sit on it overnight?
• Sounds like a suite deal
• But hurry, the deal ends Sunday.
• I'll probably have a punt on the IPO if i can.
• I'm fancying a punt at this but wondering which company to purchase through. I can only see Hargreaves Lansdown or Barclays as a choice and my only account currently is a stocks and shares ISA with Charles Stanley.
  Are these the only choices and should I purchase through these then transfer the shares to my CS ISA?
• I obliquely know Lord K via connections not relevant to the discussion, and I've heard him speak about the history of DFS on a few occasions.
  This is not the first floatation, and the first time ended up with an MBO, which he exited a while ago, and it looks like it's now all going public again.
  Read the wikipedia page on DFS and see if you think it's as strong without Graham as it was with him.
  It's a cut-throat market, and DFS did well because they treated staff well and ran it as very much a family business. It didn't thrive as a public entity before, and I think it will struggle in future, but that's just my twopenneth.
• Hmm, Im still on the fence.....
  Ј1000, to go for it or not.
  Royal Mail I did go for, but I should have sold at the high. Still got them...oops....
  Did anyone have any more thoughts?
  Feels too risky atm from the comments posted so far....
  But I have more of a tech background, like to OP I dont know anything about the furniture biz.
• I've also decided to sit this one out. Just cant see long-term value.
  They are reliant on selling sofas on interest free credit. Cant see this being viable in a high rate environment. Also sofas sales are linked to the housing market, which may start to cool.